Economy

Opposition slams BJP on "propaganda" over Moody's rating upgrade

Our Bureau New Delhi | Updated on January 09, 2018 Published on November 17, 2017

rajiv   -  The Hindu

The Opposition parties have accused the Centre of neglecting ground realities and indulging in propaganda based on ratings from agencies abroad to deviate the attention of people from the real issues.

Commenting on the rating upgrade of Moody’s, the Congress said it is far away from what is happening on the ground. “Whether Moody’s or (Prime Minister Narendra) Modi, both were not able to understand the mood of the nation. Whatever they say do not have any reflection of the situation on the ground. People are suffering because of the policies of this government,” senior Congress MP Rajeev Shukla told reporters on Friday. He said the Centre should rather focus on correcting its mistakes on the policy front than holding such ratings as a certificate of its own performance.

The Left parties were also equally critical of the BJP’s reaction to the ratings. CPI(M) general secretary Sitaram Yechury said such 'ratings' reflect the 'ease' of how foreign business can milk India. “Rating agencies have a dubious record. All real indices of lives of Indians: Jobs, Growth: are down. Rural distress, malnutrition, gender gap and hunger is worsening. Inequality of wealth is up in 3 years sharply. One per cent own 58 per cent of Indian wealth. Who is this Modi government fooling?” Yechury asked.

He added that the Modi government wants the poor, the hungry, protesting farmers, jobless and those hit by the economy crumbling, to eat these ratings. “They can keep raising a toast to themselves. This only mocks those suffering the hopelessness brought in by BJP's Jumlanomics,” he added.

Published on November 17, 2017
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