A day after Moody’s Investors Service downgraded India’s sovereign credit rating for the first time in more than two decades, Congress leader Rahul Gandhi on Tuesday used the rating to attack the Government’s handling of economy saying the global rating agency rated Modi’s handling of India’s economy as a "step above junk".
Citing lack of support to the poor and MSME sector, Rahul also issued a warning, saying that the worst is yet to come.
“Moody’s has rated Modi’s handling of India’s economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come,” Rahul said on Twitter.
Later in the day, addressing AICC video press conference, Punjab Congress chief Sunil Jakhar questioned the Central government’s intention of helping farmers, saying Modi’s aim of doubling their income by 2022 will remain a “pipe dream” if they don’t get the promised minimum support price (MSP) for their produce.
He said a majority of farm produce is purchased in the open market at rates much lower than the MSP declared by the Government.
The Government on Monday raised MSP of paddy by a marginal Rs 53 a quintal to Rs 1,868 a quintal for 2020-21, while the rates for oilseeds, pulses and cereals were hiked substantially.
