Hitting back at former Prime Minister Manmohan Singh for his criticism of the Modi government’s handling of economy, Finance Minister Nirmala Sitharaman said he is more remembered for having brought India to “fragile five” and rampant inflation during his term.
She also referred to recent revelations about former NSE chief Chitra Ramkrishna having taken guidance of a ‘Himalayan Yogi’ in running the country’s biggest stock exchange and said Mr Singh was not even aware how the bourse was being run for so long when he was in power.
She compared data on export, FDI and inflation during the Modi government with Mr Singh’s dispensation to assert that economic indicators are much better now. He is better remembered as a Prime Minister under whose term inflation remained in double digit for 22 months straight and who saw capital fly out of the country, the minister said. She also accused those attacking the Modi government over inflation for spreading confusion over the issue.