‘Modi’s flawed policies have caused economic slowdown’

Phagwara, August 28

Chairman of Punjab Agro Industries Corporation and former Punjab minister Joginder Singh Mann on Thursday condemned the Narendra Modi-led NDA government for ruining the country’s economy with its flawed policies.

In a statement issued here on Thursday, the chairman said during the Covid-19 pandemic, the Modi government has failed to secure the interests of small and medium scale industry.

He said that due to regressive policies of the Union Government, thousands of people have lost their jobs in recent times. Mann said this would have adverse effect on the economy of the country and nation would face serious repercussions.

The chairman bemoaned that even the RBI had cautioned the government that economic problems of the countrymen was likely to enhance in wake of the constant decline in demand of goods and services.

He said due to the Covid-19 pandemic, trade and small industries were passing through turbulent times but the Centre had done nothing to safeguard their interests. Mann said services and domestic production was likely to dip further.

The chairman said in the last four and half years more than 1.5 crore people had lost their jobs. He said in the month of April and May the rate of employment had increased by 23.5 per cent. Mann said that Modi government’s policy of extending largesse to big industrial houses at the cost of small scale industry was ruining economy of the country. — TNS