Rajnath Singh terms people not appreciating economy 'anti-India'

Union Home Minister Rajnath Singh on Monday said people have started believing that India's economy will be among top 3 in the world by 2030 but certain "anti-India forces" not appreciating this visible trend.

"People have now started believing that India will be among top 3 economies of the world by 2030, certain anti-India forces are not able to appreciate these visible economic trends," Rajnath Singh said.

Rajnath Singh while speaking at CISF RTC in Arakkonam, Chennai said, "our economy, standing at $ 2 trillion today, will likely be at $ 5 trillion by 2030."

The home minister's statement came days after senior BJP leader and former finance minister Yashwant Sinha criticised PM Modi and Finance Minister Arun Jaitley for the current economic mess.

Sinha, a former finance minister in Atal Bihari Vajpayee government, had said "the economy is on a downward spiral" and demonetisation has proved to be an unmitigated economic disaster.

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He said the "poorly implemented GST played havoc with businesses" and millions had to lose their jobs. Apart from Sinha, another leader Arun  Shourie criticised Modi government its handling of the economy.

However, the criticism of its government by senior leaders didn't go down well with the BJP and the party dismissed their claims terming both Sinha and Shourie as "frustrated politicians". 

India’s GDP growth rate slipped to its lowest in last three years at 5.7 per cent in April-June quarter in 2017. The GDP growth was 6.1 per cent in January-March quarter.

Gross Value Added (GVA) in the manufacturing sector fell sharply to 1.2 per cent, from 10.7 per cent year on year, as the businesses focussed more on clearing inventories rather than production ahead of the July 1 launch of GST.