Union Minister Piyush Goyal on Wednesday refuted claims of Yashwant Sinha that Indian economy is on downward spiral. The Minister said that India has become the World's fastest growing economy for three years in a row under the leadership of Prime Minister Narendra Modi.
Piyush defended the government by saying that some of the landmark reforms that this government has brought in, are unprecedented.
The Minister added that something like GST was never imagined to be possible in a country of the size and scale of India.
Earlier in the day, senior Congress leader and former finance minister P Chidambaram had come out in support of Yashwant Sinha who questioned Modi government’s economic policies. He claimed that government's policies has pushed the economy into a downward spiral.
The senior Congress leader wrote on Twitter, "Yashwant Sinha speaks Truth to Power. Will Power now admit the Truth that economy is sinking?"
Congress vice-president Rahul Gandhi also took a jibe at Centre and wrote on Twitter," Ladies & Gentlemen, this is your copilot & FM speaking. Please fasten your seat belts & take brace position. The wings have fallen off our plane."
In his column written in the Indian Express, the former Union Cabinet minister scathed criticism on how the Modi-led government made a blunder by assigning Arun Jaitley responsibilities one too many.
He added that his former colleague Jaitley's pedigree in finance was unquestionable but he was overburdened with critical portfolios like defence, finance, and corporate affairs at the same time.
He brought to fore that the finance ministry is a humongous task by itself and demands full-fledged attention if needs to be handled in an effective manner. Naturally, even a superman like Jaitley could not do justice to the task.