Manmohan Says Centre Obsessed With Blaming Opponents For Economic Crisis

Former PM, Dr Manmohan Singh, said the government is obsessed with trying to somehow fix the blame for the economic crisis on its opponents, being itself unable to find a solution that will ensure the revival of the economy, particularly the banking sector.

Dr. Singh was addressing business leaders, professionals and the media at an interaction at the MCA lounge in Mumbai's Wankhede stadium.

He spoke about the current economic slowdown and the hard-hit auto sector and also said that the BJP government has failed in Maharashtra. He also appealed to both the state and central government to resolve the crisis which has left 16 lakh PMC Bank customers in the lurch.

His address comes as Maharashtra goes to the polls on October 21.

Elaborating on various topics, Dr. Singh raised the following issues:

• Economic slowdown, government apathy and its incapability are affecting the future and aspirations of millions of Indians
• Manufacturing growth rate of Maharashtra has been on the decline for the fourth consecutive year
• Maharashtra has witnessed one of the highest factory shutdowns in the past five years
• Imports from China have gone up tremendously.
• Alluded to the gloom prevailing in the auto hub of Pune, India’s largest auto manufacturing centre.
• Government is obsessed with trying to somehow fix blame on its opponents for the economic crisis, unable to find a solution that will ensure the revival of the economy particularly the banking sector
• Without a doubt Maharashtra will progress much better under the leadership of Congress-NCP.
• Sympathy for 16 lakh customers affected by the Punjab and Maharashtra Co-operative (PMC) Bank scam. Appeal to the government to resolve this matter at the earliest.