No basis for fear-mongering, says Congress on Amit Shah’s remarks about stock market
The minister recently claimed that the BJP and its allies would win the ongoing Lok Sabha polls, following which, the stock market would shoot up.
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The Congress on Sunday said that the party’s record in providing strong and inclusive economic growth spoke for itself and there was no basis for the fear-mongering incited by Union Minister of Home Affairs Amit Shah.
The statement came in response to Shah’s remarks about the stock market in an interview with NDTV on May 12. The home minister had said that though the stock market should not be linked with elections, a stable government helps it perform better.
He also claimed that the stock market would shoot up after June 4, when the results of the Lok Sabha polls will be declared. Shah claimed this would happen as the Bhartiya Janata Party and its allies would win the general elections.
On Sunday, Congress general secretary Jairam Ramesh stated that economic growth and investments were much higher under the United Progressive Alliance government headed by former Prime Minister Manmohan Singh as compared with the current Prime Minister Narendra Modi-led government.
“Private investment and the share of manufacturing as a percentage were much greater under Dr. Singh than in the past decade,” said Ramesh. “Self-inflicted policy blunders such as demonetisation, Goods and Services Tax and an ill-planned lockdown played an important role.”
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