New Delhi: At a time when the economy of the country is going through a tough phase, former prime minister Manmohan Singh on Wednesday slammed the Central government for not taking enough measures to tackle it and said the current dispensation does not acknowledge the word ‘slowdown’. Also Read - Unemployment Issue Will be Addressed if Congress Comes to Power in Delhi: Manmohan Singh
He went on to say that if problems are not recognised, then finding credible answers to take corrective action is unlikely. Also Read - Manmohan Singh Slams Sitharaman’s Budget Speech, Says ‘Too Long, Difficult to Absorb’
While addressing a gathering during the launch of Montek Singh Ahluwalia’s book Backstage, the former PM said the former planning commission deputy chairman has written about the good as well as the weak points of the UPA government.
“I think these issues will be debated and should be debated because we have today a government that does not acknowledge that there is such a word as slowdown. I think this is not good for our country,” the former prime minister said.
“If you do not recognise the problems that you face, you are not likely to find credible answers to take corrective action. That is the real danger,” he further added.
He also said that the book will be of great help to the future growth of the country so far as the economy of the country is concerned.
“Montek has also pointed out that contrary to what the ruling group may say, today the USD 5 trillion economy by 2024-25 is wishful thinking. Also there is no reason to expect that farmers income will be doubled in a three- year period,” he said.
He appreciated the role played by former prime minister Narasimha Rao, P Chidambaram and Ahluwalia for supporting his liberalisation of the economy in the 1990s and enabling him to carry out the reforms despite resistance from different quarters.