New Delhi: "In the long run, we are all dead," senior BJP leader Yashwant Sinha quoted British economist John Keynes while defending his criticism of the Central Government over India's “sinking economy”.
On Wednesday, the former finance minister launched a scathing attack on the BJP-led Central Government's economic policy.
Read: Yashwant Sinha's son defends Centre, says GST, note ban game-changers for India
Speaking to ANI on Thursday, Yashwant said that there has been a gradual decline in the Indian economic system.
"Before 2014, I was the party spokesperson when it came to economic affairs and we used to call the then United Progressive Alliance (UPA) situation as 'Policy Paralysis'," he told ANI.
Yashwant said that the former government, led by the Congress, could not be blamed anymore as the present BJP government had enough opportunity to improve the situation.
He also said that the Goods and Service Tax Network (GSTN), introduced by the Centre, is failing as the Government was in a hurry to implement it in July this year.
"I was a supporter of GST. Govt was in a hurry to implement it from July. Now, GSTN, which is the backbone, is failing," Yashwant said.
Yashwant also politely disagreed with the opinion put forth by Union Home Minister Rajnath Singh and Railways Minister Piyush Goyal that India is the backbone of the world's economy.
Read: BJP refutes Yashwant Sinha's remark, says Indian economy fastest growing in world
He also stressed that demonetisation was not a right move when the economy was weak.
"The effects of Modi's controversial move were yet to subside when GST served as the second biggest blow," he said.
