World knows India's economy is the fastest growing: Rajnath
Rajnath Singh
Rajnath Singh responded to former finance minister Yashwant Sinha's comment on economy
Indian home minister Rajnath Singh today downplayed senior BJP leader Yashwant Sinha's criticism of the finance minister Arun Jaitley, saying India's economy is the fastest growing in the world, and the country's credibility has been established in the international arena.
Singh, who was responding to a question on Sinha's remarks over the state of the economy, said no one should forget these facts about the country.
"The whole world admits that India is the fastest growing economy in the world. No one should forget this fact. In the matter of economy, in the international arena, India's credibility has been established," he told reporters here.
In an opinion piece in Indian Express, 'I need to speak up now', Sinha criticised Arun Jaitley over what he called the "mess the finance minister has made of the economy".
The senior BJP leader said he would "fail in my national duty if I did not speak up even now against the mess the finance minister has made of the economy."
Sinha, a former finance minister in prime minister Atal Bihari Vajpayee-led NDA government, who has been sidelined in the party, claimed a revival by the time of the next Lok Sabha election was "highly unlikely" and a "hard landing" appeared inevitable.
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Sinha pointed out that the growth rate of 5.7per centwas actually 3.7per centor less by the old method of calculation. He attributed the misleading growth rate to the government's decision to change the methodology for calculation of theGDP in2015 as a result of which the growth rate recorded earlier increased statistically by over 200 basis points on an annual basis.
In a series of Twitter posts, senior Congress leader and former finance minister P Chidambaram asked the government to admit that Yashwant Sinha was speaking the truth.
"Will Power now admit the Truth that economy is sinking?" the former finance minister wrote.
Chidambaram asked the BJP government to respond to their senior party leader Yashwant Sinha's scathing attack on the central government's economic policies, particularly the "mess" that finance ministerArunJaitley had made of the economy.