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Adopt a pragmatic approach to develop an alternative economic model: Rajnath

New Delhi, Mon, 30 Sep 2013 NI Wire

BJP president Rajnath Singh has blamed the Congress-led United Progressive Alliance (UPA) government for the country's economic crisis. Calling for an alternative economic model, he said that the prime minister was "not a realist."

Addressing to the conference organized by the Merchants’ Chamber of Commerce here, Rajnath said "To run a country and its economy, you don't need an economist, rather a realist. Unfortunately, our current prime minister has been found lacking on this front. Despite leading India into economic turmoil, the prime minister has preferred to remain silent.”

He further added, "The rupee is on ventilator, dollar on escalator. The investors are on the runway seeking greener pastures abroad, while the youth of the country are on the highway, for there is no employment. This is all because of the UPA. People are now seeking change.”

Observing that the country's economic model, formulated by aping the west, has outlived its utility and was now yielding negative results, Rajnath Singh called for adopting a pragmatic approach in developing an alternative economic model which should give major emphasis to boosting the rural economy.

(With inputs from IANS)

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