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Blaming the Congress-led UPA for the poor state of the Indian economy, Bharatiya Janata Party (BJP) today said it was not global meltdown but absence of leadership, dual power centres and inherent corruption which led to the flight of investment.
In the Economic Resolution unanimously passed at its National Council meeting, the Bharatiya Janata Party said the last decade has been a "wasted opportunity" as the government failed to control inflation and corruption, which has become the "hallmark" of this government, and led to the present state of economy.
"The economic slump under the UPA was less about global meltdown and more about complete absence of leadership, dual power centers, bankruptcy of ideas, lack of vision, disastrous policies and inherent corruption.
"It was a wasted decade in which the country saw decline of all the sectors, be it education, health, economy, politics or governance. Overall it proved a regime of rapid moral degradation," Leader of Opposition in Rajya Sabha Arun Jaitley said.
Giving a ray of hope to the country and the Indian entrepreneurs, who he said have a lot of potential, the Bharatiya Janata Party promised that it will revive the state of economy and investment in the country.
"It will be quite a challenge, though," he said.
He said after 10 years when the economy should be running and used to be showcased across the world as a perfect destination for investment, today the whole world is saying one should not invest in India.
"The whole world is not investing in India...rather the country's businessmen are investing outside. There is a reverse flight of investment. The last decade of UPA rule has been a wasted opportunity," Jaitley said.
Taking a jibe at Congress Vice President Rahul Gandhi for accusing Bharatiya Janata Party of marketing itself well and that it could sell a comb to even a bald person, Jaitley said, there is a "third political force" which seeks commission in even the selling of such a comb and it is because of this "third political force" of corruption that has brought the Indian economy to this level. Hitting out at the Congress on the issue of corruption, which he said, touched an all-time high, the Bharatiya Janata Party leader highlighted the 2G Spectrum allocation, coal block allocations, Commonwealth Games scam and the VVIP chopper scam which "brought down" the image of the country the world over leading to