'Slowdown visualised by some has not even impacted', says Arun Jaitley

WION Web Team New Delhi, Delhi, India Sep 28, 2017, 10.31 AM (IST)

The latest salvo against Jaitley was fired by former NDA finance minister Yashwant Sinha.? Photograph: Reuters

Sep 28, 2017, 02.46 PM

"When India is at 70, there are always attempts to change the narrative itself," says finance minister Arun Jaitley. 

"Therefore I can conveniently forget a policy paralysis, 4 billion reserve left in 1991, and I can switch over and change a narrative," he adds. 

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Sep 28, 2017, 02.34 PM

Jaitley says "slowdown visualised by some has not even impacted"



Sep 28, 2017, 02.33 PM

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Sep 28, 2017, 02.32 PM

Jaitley says that when they saw GST coming, those who had pushed the country into policy paralysis, asked to postpone it 



Sep 28, 2017, 02.30 PM

Small areas which paralysed, at least UPA 2, because of discretions being used and misused -- we were completely able to distance ourself from these discretions itself: Arun Jaitley

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Finance minister Arun Jaitley has said demonetisation was meant "to make sure that the anonymous tender which operated in (the) market gets identified to its owner 



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WATCH: Arun Jaitley is speaking at a book launch in Delhi 



Sep 28, 2017, 10.31 AM

Finance minister Arun Jaitley is expected to respond to questions on the economy today. 


Jaitley has come under severe attack for his handling of the economy. 

The latest salvo was fired by former NDA finance minister Yashwant Sinha.

Sinha's salvo came in the form of an opinion article in Wednesday's Indian Express newspaper. 

Sinha, in his piece, blamed Jaitley squarely for botching up the economy. 

Sinha started his piece by saying: "I shall be failing in my national duty if I did not speak up even now against the mess the finance minister has made of the economy. I am also convinced that what I am going to say reflects the sentiments of a large number of people in the BJP and elsewhere who are not speaking up out of fear."

He then went to ask: "So, what is the picture of the Indian economy today?," Sinha asked in his piece.

And to answer: "Private investment has shrunk as never before in two decades, industrial production has all but collapsed, agriculture is in distress, construction industry, a big employer of the work force, is in the doldrums, the rest of the service sector is also in the slow lane, exports have dwindled, sector after sector of the economy is in distress, demonetisation has proved to be an unmitigated economic disaster, a badly conceived and poorly implemented GST has played havoc with businesses and sunk many of them and countless millions have lost their jobs with hardly any new opportunities coming the way of the new entrants to the labour market. For quarter after quarter, the growth rate of the economy has been declining until it reached the low of 5.7 per cent in the first quarter of the current fiscal, the lowest in three years." 

The other person who has relentlessly attacked Jaitley recently is BJP Rajya Sabha MP Subramanian Swamy. 

Former RBI governor Raghuram Rajan's exit had also been preceded by a relentless attack by Swamy.