Urban Mirror Correspondent
New Delhi, May 21: The Lok Gathbandhan Party (LGP) today said the country is passing through acute economic crisis and if corrective measures are not taken the situation would further worsen. The LGP said irrespective election of the results on May 23, the new government is going to face an uphill task of managing the economic crisis which has gone from bad to worse during the last few years.
The spokesman of the party said here on Tuesday that the situation is far from stable as on employment, agriculture, industrial fronts acute crisis is prevailing. The spokesman said that the central government’s projection of 7 to 7.5% annual growth, was based on its calculation derived through the assessment data of global forces. The spokesman said by putting onus on the world economy maintaining momentum and oil prices staying reasonably well, the government had tried to find an easy escape route to protect it from criticism for it its failure in the future. The spokesman said the outlook therefore appeared to be uncertain.
Pointing out that employment, industrial and farm sectors are facing acute crisis, the spokesman said the new government would require a fresh action plan to improve the prevailing situation and salvage the country out of the miseries. With country’s 73% wealth concentrated into the hands of merely 1% so called rich people, the spokesman said the government’s claim of all-round balanced growth is only a far-fetched dream. Similarly with the primary and middle level education in rural areas lagging far behind the required average standards, the spokesman said that employment generation activity is unlikely to take off due to lack of availability of skilled working rural hands in the country side. The spokesman said with prevailing poor and under-developed condition the effort of country to become global player would not be possible. The spokesman said with country facing challenges on several fronts, there have so far been only haphazard attempts to solve them. The LGP has thus demanded that a more coherent approach with honest and transparent emphasis on agriculture, education employment-both skilled and non-skilled- is urgently required to push the country’s economic growth.
