New Delhi, March 23 (PTI) The Covid pandemic and the war in Ukraine have caused a ‘setback’ in the NDA government’s short-term goals but it is on track to achieve the long-term vision of economic prosperity of the country, BJP MP Shivkumar Udasi said on Wednesday.
Taking part in the discussion at Lok Sabha on the 2022-23 Ministry of Trade and Industry grant applications, Udasi also criticized previous Congress governments, alleging companies were ‘crippled’ by numerous checks imposed on behalf of of socialism.
Read also | K-Rail SilverLine Project: Kerala CM Pinarayi Vijayan will meet Prime Minister Narendra Modi in Delhi tomorrow for preliminary approval.
“The underlying theory after independence was that markets could not be trusted to produce good social outcomes, so the government, in its wisdom, decided where the country’s scarce resources should be deployed and what exactly needed to be produced, where and by whom,” the Haveri MP from Karnataka said.
“Business has been crippled by numerous controls imposed in the name of socialism. Many feared that imperial foreign domination would return under the guise of economic domination through trade and investment,” Udasi said.
Read also | Delhi High Court Issues Plea Notice Against NEET for Homeopathy Courses.
The number of poor people has steadily increased in the post-independence era as Congressional policies on behalf of the poor have ended up further impoverishing the people, he said.
“The UPA government has been equally disastrous for commerce and trade. It has been infected with corruption and political paralysis in decision-making. The achievement of the UPA government has been to collapse the public-private partnership model , huge bank losses and the loss of investment projects for the country,” he alleged.
Udasi said Narendra Modi government’s commitment to deep economic reforms is a major reason that makes the country an attractive investment destination.
“We are committed to being a trusted partner in the global supply chain system. Our government has paved the way for FTAs with many countries. There was a time when India was known for the ‘license raj ‘, today we promoted ease of doing business and our ranking has improved significantly from 142 in 2014 to 63 in 2020,” he said.
He also hailed the government’s flagship program “Make in India” as a “great success”.
“The pandemic and the war in Ukraine have also caused a setback in our government’s short-term goals, but we are on track to achieve our country’s long-term vision of economic prosperity,” Udasi said.
“What was once a poor country now has the fifth highest GDP in the world. India is considered one of the most important players in the global economic landscape,” he said.
Participating in the discussion, Sudip Bandyopadhyay of TMC flagged the issue of the “poor situation” of public sector companies in the country and criticized the government for it.
“Government run industries are in a very bad situation. Our industries which are public sector enterprises are divided into Maharatnas, Navratnas, Ratnas and Miniratnas,” he said.
This government is not shy about selling Navratnas or Maharatnas as well as for-profit public sector units, the TMC MP said.
“Without for-profit PSUs, what industries do we have? Industries are dominated by private parties… There are about 250 PSUs and, except for a few, all are facing loss,” said said Bandopadhyay.
“Without industries, we cannot create new employment opportunities. Unemployment can only be removed if large and medium-sized industries are created in the country,” he argued, adding that unemployment “ skyrockets”.
Initiating the debate, Anto Antony from the Congress pointed to the worrying issue in Kerala over falling natural rubber prices.
“The drastic fall in the price of natural rubber, coupled with rising production costs and declining yields from aging rubber farms, has plunged the rubber plantation sector in the country into a major crisis,” he said. -he declares.
(This is an unedited and auto-generated story from syndicated newsfeed, LatestLY staff may not have edited or edited the body of the content)