Modi only hope for India's economic development: Smriti Irani

Despite having an economist Prime Minister in the form of Manmohan Singh, Indian economy is in shambles, the Rajya Sabha MP said.

“UPA promised in 2004 that Manmohan Singh and Finance Minster P Chidambaram will boost the economy, but they failed.  

India is now having a subsidy burden of Rs 1.20 lakh crore.  The rupee has depreciated at a staggering rate of 38 per cent under UPA government.

Inflation figures are close to 9.5 per cent, which was just 4 per cent in 2003,” she further claimed.  

Irani also brought up the issue of policy paralysis, which has stalled India's growth.