Commerce and Industry Minister Piyush Goyal today hit out against Leader of Opposition in Lok Sabha Rahul Gandhi over his allegation of the Government’s mishandling of the economy. He said that the NDA inherited and transformed a fragile economy into the top five economies in the world. Briefing media in New Delhi, Mr. Goyal alleged that under the UPA regime, the growth rate went from eight percent to 4.4 percent with inflation at spiralling heights. He added that under the UPA regime, the country was beleaguered with high fiscal deficits, high inflations, low growth, very low foreign exchange reserves, and corruption, but now the world is looking up to India to lead economic growth of the world. The Minister also said that the government has strengthened the macroeconomic fundamentals and the country will soon become the third biggest economy in the world based on GDP.
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