Thu, 25 Jul 2013 16:15:00 GMT | By ANI

Modi targets Manmohan Singh, says ‘policymakers have lost capacity to take decisions’

Quoting the prime minister’s comment that money does not grow on trees, Modi said that in Gujarat money grows in farms, factories and by the sweat of the labourers


Modi targets Manmohan Singh, says ‘policymakers have lost capacity to take decisions’ (© AFP)

Ahmedabad: Gujarat Chief Minister Narendra Modi on Wednesday launched a scathing attack on Prime Minister Dr. Manmohan Singh over the deteriorating condition of Indian economy, saying policymakers have lost the confidence and capacity to take decisions.

“The Prime Minister says that the money does not grow on trees. But I would like to tell the economist Prime Minister that we in Gujarat say that money grows in the farms, factories and by the sweat of the labourers,” said Modi.
 
Asserting that it is the government’s responsibility to defend the national interest and protect the long-term future of the people, the Prime Minister had last year said the recent decisions have been taken to avoid higher fiscal deficit.
 
“Where would the money for this have come from? Money does not grow on trees. If we had not acted, it would have meant a higher fiscal deficit, that is, an unsustainable increase in government expenditure vis-a-vis government income. If unchecked, this would lead to a further steep rise in prices and a loss of confidence in our economy,” Dr. Singh had stated in his address to the nation.

(Continued)
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