Headlines
Modi rule worsens economic condition: CPI-M
New Delhi, June 8
In the one year Narendra Modi
has been the prime minister, all the three sectors of the economy -
industry, agriculture and services - "are in a deep crisis", the CPI-M
said on Monday.
And contrary to the BJP's claims, the livelihood
conditions of the vast majority of the Indian people were actually
declining, the Communist Party of India-Marxist said in a statement.
It
said the massive hikes in the prices of petroleum products in the
background of the fall in the international price of crude oil was
leading to all-round inflation, particularly of food items.
The
statement, issued after a meeting of the party's central committee on
June 6-7, said the government's claims of economic turnaround since Modi
took power in May 2014 were false.
It said both investment and consumer demand had stagnated, worsening the unemployment situation.
"Notwithstanding
the hype of `Make in India', foreign investment both in the equity
markets and direct production has declined," it said, adding that the
agrarian distress has continued to deepen.
The CPI-M said in the
past one year, communal polarisation had sharpened and accused the
government of patronising "the real agenda of the RSS in unleashing
vicious communal attacks".
It said that centre-state relations
were deteriorating with the appointment of leading RSS figures or BJP
politicians as governors of the states.
"In Delhi, the elected
state government and the centre, through the office of the Lt governor,
are logged in a bitter battle over appointments of
officers."