Indian economy has entered a disastrous phase of slowdown: Congress

Senior Congress leader P Chidambaram alleged that the Indian economy has entered a disastrous phase of a slowdown. He also quoted the NSSO report, which is not yet made public by the government. He cited that the government must fear of losing the election, if the original data comes out.

New Delhi: The recent survey conducted by the National Sample Survey Office (NSSO) that has burst out major loopholes of the NDA government, came in news once again.

According to Congress, the report has a major hole in the Central Statistics Office (CSO) data and GDP data series.

The Indian economy has entered a "disastrous phase of slowdown" under the leadership of Prime Minister Narendra Modi and Finance Minister Arun Jaitley, Chidambaram claimed, saying, "This is a scam which has to be investigated."

The party claims that the NSSO report which has not been made public yet, is full of falsehoods. 35 per cent of the companies mentioned in the data do not exist. Addressing a press conference, Congress leader P Chidambaram said, "PM Modi wants us to believe that economy is in the robust mood but the reality is much different."

He also accused Jaitley of projecting doctored information to the nation.

"The number of factories built per year on average has come down dramatically under the Modi government. The savings and investments are in a downward trend which has led to massive jobs crisis across domains," he added.