Hyderabad: The CPI expressed its grave concern over the sliding of rupee in the international market, currency’s biggest one-day fall in five years, hitting a new low of 69.93. This, along with rapid withdrawal of investment by foreign players was adversely affecting the already crisis-ridden economy.
In a statement here today, the CPI said, “It was surprising that Prime Minister Modi in his recent interviews was busy in patting his back by making exaggerated claims about the state of economy when in reality this government’s economic policies have failed on all fronts and the national economy is in the shambles”.
The CPI cautioned the government to rethink about the insistence on export-led growth and foreign direct investment for our country’s development which is the backbone of the so-called ‘economic reforms’. (NSS)
