Alleging that economic reforms initiated by Manmohan Singh during his stint as finance minister had “plunged the India economy in a severe crisis,” the CPI(M) today demanded scrapping of the ongoing reform process in the larger national interest.
“The reform measures kicked off by Prime Minister Singh in his earlier role as the finance minister has failed to bring about desired improvement in the economy which has instead plunged into deeper crisis,” CPI(M) politburo member S Ramchandra Pillai and central secretariat member Hannan Mollah told reporters.
Under the circumstances, the UPA government will be well advised to scrap the reforms process altogether in the larger national interest, they said.
The CPI(M) leaders claimed the Centre had allowed 51 per cent FDI in multi-brand retail, hiked diesel price and rationed subsidised LPG cylinders under pressure from the US and alleged the government was oblivious to the plight of the people who were already bearing brunt of price rise for the better part of the UPA rule.
There is no other way but to oppose and fight against these anti-worker policies.