Wrong policies of government responsible for price rise: BJP

April 19th, 2010 - 12:37 pm ICT by ANI  

Mumbai, Apr 19 (ANI): Bharatiya Janata Party President Nitin Gadkari has said that the wrong economic policies of Central Government is responsible for the price rise.

“The basic problem which our country is facing, it is price rise, inflation, unemployment and farmers’ suicides. And, basically the reason for all these problems, is the wrong economic policies and bad governance of Congress party,” Gadkari said at a news conference here on Sunday.

Gadkari said the ruling regime was anti-poor and hurting the common man.Rising inflation has put the Congress-led ruling coalition on the back foot, forcing it to defer key economic reforms, including market-determined fuel prices, as it takes on an emboldened opposition in parliament.

India, the world’s second-fastest growing major economy, is expected by the government to grow 8.5 percent in the current fiscal year, which ends March 2011, and nine percent the next year.

India’s annual inflation was less than expected in March as food and manufacturing price pressures eased, suggesting the Reserve Bank of India (RBI) will opt for a 25 basis-point rate rise next week rather than a more aggressive move. (ANI)

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