The interim Budget presented today by Finance Minister Nirmala Sitaraman is a celebration of a failed economic experiment over the past decade, with no reflection on Indian realities, according to IUML’s Rajya Sabha MP PV Abdul Wahab.

The MP had said this government took office in 2014 with many promises, including Ache Din Aayenge, Aspirational Young India, Make in India, doubling farmers” income, 100 smart cities, one crore jobs for youth each year, and controlling inflation, among others, however, over the years, we have seen the government fail to deliver on any of its promises. I”t appears that the government has forgotten all of its promises to the people of this country,” he said.

Mr Wahab has also said the “delusional promises” of the minister “turning this country into a five trillion economy, then with the promise of Gathi Shakthi and now with projection of another delusion of ‘Vikshit Bharat in 2047’” clearly shows that, how directionless is the finance minister’s budget are in addressing the macro-micro economic challenges that this country faces.

“In the last ten years, we have seen how some bad economic decisions such as Demonetisation, and failed implementation of GST, and mismanagement of Pandemic have had a massive inpact on our informal sector, real wages, and destroyed our MSME’s,” he added.

Mr Wahab claimed the government which mocked the MNREGA as a monumental failure of the Manmohan government, later had to heavily rely upon large scale rural development through MNREGA itself, while punishing the state governments by not releasing funds for MNREGA.

“With its various Yojana’s such as Ujwala yojana, Awaz yojana and others, we have seen a government that does not consider such essential services as the dignified rights of its citizen and the duty of the government, but rather projects it as the free gifts, that the Modi government is providing to people,” he added.

Over the last ten years,  he commented, that the government has suppressed a lot of data by various departments which were previously the most reliable source of information to assess countries” economic progress. “The government has systematically destroyed the authentic source of data that allows the common public, academicians and intellectuals to assess the country’s true economic conditions.. We had an excellent statistical system, which was systematically destroyed. We have seen this government suppress the consumption data as we saw the rural consumption has declined. This government has failed to do even a successful survey of the country to learn even about the most basic details about our citizens, which provides us with a picture of the country with their socio-economic situations,” the IUML MP said.

“As we examine the Modi government’s performance in terms of the economy after ten years, this government has proved the prophecy of Manmohan Singh in 2014 as right, when he warned India that “a government led by Modi will be disastrous for the country’,” Mr Wahab said