DN&V Correspondent
New Delhi, November 25: The General Secretary of Log Party Dr Smita Pandey today said that the country is passing through acute economic crisis and if corrective measures are not taken the situation would further worsen. Dr Smita Pandey said lopsided approach in dealing with the situation has so far not yielded positive results. She said the government has been facing an uphill task of managing the economic crisis which has gone from bad to worse after May Lok Sabha elections. She said during the last four quarters the GDP has plummeted from 7% to 5% and now heading towards worst 4%.
Dr Smita Pandey said here on Monday that the situation is far from stable as on employment, agriculture, industrial fronts acute crisis is prevailing. She said that the central government’s projection of 7 to 7.5% annual growth, was based on its calculation derived through the assessment data of global forces, which has proved wrong. Dr Smita Pandey said strangely the government has now been desperately trying to hide official statistical data or debunking it to conceal its utter failure.
Pointing out that employment, industrial and farm sectors are facing acute crisis, she said the NDA government would require a fresh action plan to improve the prevailing situation and salvage the country out of the miseries. With country’s 73% wealth concentrated into the hands of merely 1% so called rich people, Dr Smita Pandey said the government’s claim of all-round balanced growth is only a far-fetched dream. Similarly, with the primary and middle level education in rural areas lagging far behind the required average standards, she said that employment generation activity is unlikely to take off due to lack of availability of skilled working rural hands in the country side. Dr Smita Pandey said with prevailing poor and under-developed condition the effort of country to become global player would not be possible. She said with country facing challenges on several fronts, there have so far been only haphazard attempts to solve them. The Log Party has thus demanded that a more coherent approach with honest and transparent emphasis on agriculture, education employment-both skilled and non-skilled- is urgently required to push the country’s economic growth.
