If the Indian Government signs the Regional Comprehensive Economic Partnership (RCEP) agreement, the nation’s economy will be destroyed. The Congress national spokesman Pawan Khera said this while addressing the media here on Sunday.

Khera said that if the Modi Government signs the RCEP agreement, it will be the third major and last assault on the nation’s economy after which it will not be able to rise up.

Khera said, “The Government made the first assault on the Indian economy in the form of demonetisation. The second assault came in the form of Goods and Services Tax and now an attempt is being made to destroy the economy through RCEP. Fifteen east Asian nations will be part of RCEP including China and Japan. Khera said that for the first time in 72 years, India is under pressure to sign a free trade agreement with China. “This will threaten the economic, commercial and security interests of India as cheap Chinese products will be dumped in the Indian market which will damage the business of shopkeepers, traders and small entrepreneurs.

This will also damage the capacity and security of farmers in India. The nation will become a dumping ground for foreign pulses, wheat and dairy products. Our farmers will face severe losses as foreign produce will be sold in bulk in the Indian markets.

Similar impact will be seen on fishery and textiles,” opined Khera.

The Congress spokesman further said that according to the National Sample Survey Office, unemployment is at its highest in 45 years.

According to the Centre for Monitoring of Indian Economy, the unemployment rate rose to 8.19 per cent in August 2019, which is the highest in 72 years.