Says Centre is too weak to even push the economy upwards.
Narendra Modi challenged the UPA government into calling early general elections. The chief minister of Gujarat said The UPA government was so weak in pushing the economy upwards that it had even failed to hold early polls.
Modi was speaking at the fourth edition of the Zee Market Analyst Awards held in the city on Wednesday.
The awards ceremony took place in Ahmedabad for the first time where industrialists and stock market experts took part. More than 25 awards were given away by Modi at the event. Mahindra and Mahindra, Nirma, Reliance Industries and Adani Group also won awards for their special contribution to the economy.
At the end of the award ceremony, Modi, also the BJP campaign committee chief, gave a stirring speech in which he said that sentiments were weak both in the stock market and the country’s economy. And, he blamed the UPA government for not framing the right policy to boost the economy.
“Government has to take decisions. But, in case of the UPA, it has been nine years since the government has not taken any decision to solve the problems. It seems there is a competition between the UPA government and the Indian rupee as to which is falling faster. Since the UPA has come to power, the rupee has depreciated from the level of 44 against dollar to the level of 60,” he said.
Recently, Prime Minister Manmohan Singh had said: “Paise ped pe nahi ugta (Money does not grow on trees).” Against that, Modi answered that in Gujarat, while money is grown by farmer on farmland, worker grows money at factory and a labourer generates money through his effort. “For this, one needs the right policy. That’s why money is grown in farms and factories,” he said.
After Modi’s speech, presenting the vote of thanks, the chairman of Zee Group, Subhash Chandra, said Zee Business’s biggest analyst award should go to none other than Modi. He also thanked Gujarat and Ahmedabad for hosting the event, which has always happened in Mumbai.
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