Samajwadi Party (SP) chief Akhilesh Yadav on Monday alleged that the BJP government had failed in handling both the economy and foreign policy, calling Prime Minister Narendra Modi's appeal regarding an austerity drive amid the West Asia conflict an 'admission of failure'.
Yadav questioned how the country would achieve the goal of becoming a 'five trillion dollar economy' if the government was forced to impose several restrictions, and claimed that the rupee was weakening sharply against the dollar.
He further alleged that BJP leaders were engaged in converting 'black money into gold', and that the restrictions and appeals were meant only for the common people while those in power continued to enjoy privileges.
Yadav warned that such statements from the government could create panic in markets and among the public, and called for the government to 'accept its failure instead of ruining the country'.
He also blamed the Centre's foreign policy for the present economic situation, alleging that the BJP government had moved away from India's traditional non-aligned approach.
