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Government needs to spend more, not lend more: Rahul Gandhi on state of Indian economy

von PTI - Aug 26th 1,520 Views
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Gandhi said "distractions" through media won't help the poor or make the "economic disaster disappear".

His attack on the government came after the

"RBI has now confirmed what I have been warning for months. Govt needs to: spend more, not lend more," Gandhi said.

"Give money to the poor, not

In its latest annual report, the RBI said "deep-seats and wide-ranging" reforms are needed to regain losses and return to the path of sustainable economic growth.

NEW DELHI: Congress leader on Wednesday attacked the government over the state of the and said it needs to give money to the poor to restart the economy through consumption.Gandhi said "distractions" through media won't help the poor or make the "economic disaster disappear".His attack on the government came after the (RBI) said on Tuesday that demand in the economy will take quite some time to mend and that an assessment of during the year so far suggests that the shock to consumption is severe."RBI has now confirmed what I have been warning for months. Govt needs to: spend more, not lend more," Gandhi said."Give money to the poor, not to industrialists. Restart economy by consumption," the former Congress chief tweeted.In its latest annual report, the RBI said "deep-seats and wide-ranging" reforms are needed to regain losses and return to the path of sustainable economic growth.