Gujarat’s Chief Minister Narendra Modi slammed UPA government after Standard and Poor’s report. S&P in its report released stated that India could be first of the BRIC country to fall. It has threaten to downgrade India’s ranking. On this Narendra Modi on twitter tweeted “UPA government has given a nine-year low GDP growth in a quarter.
With monsoons deficient till now, where are we heading toward as a nation”.
Narendra Modi also commented on S&P statement which said division of roles between “powerful” Cong president and “appointed” PM has weakened policy making framework and caused political vacuum
The S&P report had said: “Moreover, paramount political power rests with the leader of the Congress party, Sonia Gandhi, who holds no Cabinet position, while the government is led by an unelected Prime Minister Manmohan Singh, who lacks a political base of his own”.
However Finance Minister Pranab Mukherjee has rejected the report of S&P.