Economic mismanagement a tragedy, will destroy millions: Rahul


New Delhi, Jul 7 (IANS): Reacting to a research report that Indians are worst-hit on the economic front and that 8 out of 10 rural households had lost income during the coronavirus pandemic, Congress leader Rahul Gandhi on Tuesday alleged that the economic mismanagement was a tragedy that was out to destroy millions.

"India's economic mismanagement is a tragedy that is going to destroy millions of families," he tweeted.

He said that it would no longer be accepted silently.

The Congress leader has been raising the issue of economic problems Indians are facing due to the lockdown amid coronavirus pandemic.

Rahul Gandhi was quoting research by University of Chicago and Centre for Monitoring Indian Economy, which said that 80 per cent rural and 75 per cent urban households have suffered loss in income.

Congress General Secretary KC Venugopal in a statement on Tuesday said that the country lost nearly 13 crore jobs, with many states reaching unemployment figures of 40 per cent.

  

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Comment on this article

  • Satish Kunder, Mangalore/Mumbai

    Wed, Jul 8 2020

    Economic situation is very serious. There is no proper action plan in place to revive the economy. Only limiting to the slogans like "Make in India" and "Chinese boycott" will not help unless government comes out with the blueprint in phase wise manner to bounce back. MSME needs special package in terms of tax concessions at least for 1 year to bring the situation back to normal.

    Unfortunately we do not have experts in this government and Finance Minister need to be changed immediately. Bringing KV Kamath as FM may improve the situation but he may not be that effective as MMS. Modi need to concentrate more on the economy than the events and politics. Take also advice of MMS. This country belongs to all of us and we don't want it to be ruined because of the ego of one or two people in the government.

    Government can make all party Advisory Board for economic revival and MMS can lead this team. Modi need to rise above politics and show his statesmanship.

    DisAgree Agree [6] Reply Report Abuse

  • Mario Almeida, Falnir / Mangalore

    Tue, Jul 7 2020

    Oh, yes, this time MMS told him to utter these to IMPRESS India!!

    DisAgree [4] Agree Reply Report Abuse

  • SKK, Mangaluru

    Wed, Jul 8 2020

    This crisis in the country has cleared many doubts in the minds of the people:

    1. Those who can speak well are a big failure when it comes to delivery.
    2. Those who is portrayed as intelligent may lack intelligence and vice versa.
    3. Those who considered strong are weak and lack the dynamism.
    4. This country cannot run on events.
    5. Those who win the elections by assuring the poor will never help them in real and leave them in distress.

    So the people have choice now- Either to continue with the same set of failed rulers or look for the alternative.

    DisAgree Agree [4] Reply Report Abuse

  • Karuna, Bangalore

    Tue, Jul 7 2020

    Just heard the highlights of interview with K V Kamath, former Chairman of New devolpment Bank of BRICS in NewsX, he was so positive of the revival of Indian economy. He said despite all the problems the Indian agriculture has not suffered. The timely monsoon rains have helped to revive the economy in all fields.Industrial production will improve in months to come. There might be some slow down in some areas but that will be reversed sooner than later. When such a learned and knowledgeable person is positive , I think we all should think positively inspite of all difficulties we are facing presently. Last but not least there is strong speculation in political circles,that this gentleman will be the next Finance Minister of our country

    DisAgree [8] Agree [12] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Wed, Jul 8 2020

    Can you believe this guy?

    DisAgree [1] Agree [4] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Tue, Jul 7 2020

    Only the Educated understand Economics ...

    DisAgree [7] Agree [18] Reply Report Abuse

  • Sanjay, Mangaluru

    Tue, Jul 7 2020

    super joke :))

    DisAgree [9] Agree [8] Reply Report Abuse

  • Deshbhakt, Mangalore

    Tue, Jul 7 2020

    It's amusing ? You aren't foreseeing anything ?

    Wait for the next budget. You'll understand when taxpayers will be made to boot the repercussions of financial mismanagement.

    DisAgree [5] Agree [9] Reply Report Abuse

  • Sanjay, Mangaluru

    Wed, Jul 8 2020

    ok...i am not as educated as Mr.Gandhi :))))

    DisAgree [2] Agree Report Abuse

  • Harsha, Mangaluru

    Tue, Jul 7 2020

    The govt is clueless on reviewing the economy. No economy experts at present. More interested in holding on to power & flipping the state govt. Petrol /diesel prices more expensive than in USA,UK, europe or canada. Taxi drivers in cities cannot earn even 500 rupees /day Daily wage earners are starving,no food to eat,no jobs. Only govt workers,IT workers getting fat pay checks. Only God to Lift India.

    DisAgree [7] Agree [26] Reply Report Abuse


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