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BJP promises growth and investment, but says no to FDI in retail

Monday, 7 April 2014 - 4:10pm IST | Agency: PTI

Describing the UPA's 10-year rule as "decade of decay", BJP today promised to restore investor confidence by promoting growth, checking inflation, pushing tax reforms and encouraging foreign investments, but said no to FDI in multibrand retail.

The BJP manifesto, released in the presence of its top leaders, also proposes greater push to infrastructure, high speed trains, 100 modern cities and thrust on job creation along with skills development. "Decade under the UPA - I and II can rightly be summed in one line, the 'Decade of Decay', in which India had a free fall on all fronts - be it governance, economy, diplomacy, foreign policy, border safety, etc," it said.
The absence of statecraft, it said, has never been felt so acutely as today. "The collapse of the Indian economy has contributed to the sorry state of foreign affairs in no small measure," the 42-page manifesto said.

Accusing the Congress-led UPA government of dragging the country through 10 years of jobless growth, BJP said it will accord high priority to job creation and opportunities for entrepreneurship".

BJP further vowed to fight UPA's "tax terrorism" and promised a "non-adversarial and conducive tax environment" by rationalising and simplifying the tax structure. The party said it will work with all state governments to introduce Goods and Services Tax (GST), which will subsume most of the indirect taxes. "We will bring back credibility and trust in government, re-sowing confidence in the India story domestically as well as internationally. Through consistent, long-term policies, we will not just spur the process of economic growth, but also ensure that it is stable as well as balanced," it added.

With regard to the agriculture sector, it promises to create a single 'National Agriculture Market' and increase public investment in the farm sector.




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