Gandhinagar, 12 June 2012

Gujarat Chief Minister Narendra Modi today expressed no surprise at global rating agency Standards and Poor’s (S&P) missive to downgrade India’s investment outlook while commenting on the UPA Government’s failure on the economic front.

Mr. Modi in his twitter said that India’s policy framework mechanism has come to a naught, creating a political vacuum, due to the weakness of a powerful Congress party president but a weak appointed Prime Minister.

He said that the weak economic policies, absence of economic reforms and political obstacles by the Congress-ruled have pushed India extremely backwards. No wonder if the country’s Gross Domestic Product (GDP) rate reached at its lowest ebb. There are enough indications to suggest the crisis towards which the nation’s economy is heading.

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