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Swamy attacks Rajanâ for 'dip' in MSME growth
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SME Times News Bureau | 30 Jul, 2016
A senior Bharatiya Janata Party leader and MP, Subramanian Swamy Thursday back at attacking Reserve Bank of India (RBI) Governor Raghuram Rajan, blaming him for dip in growth rate of small and medium enterprises, reports a leading news agency.
"As you can see the MSME growth has sharply declined in one year. In 2015-16 data seen sharper decline. R3 effect!," he tweeted.
Swamy, who has been critical of the outgoing Governor for keeping lending rates high with a view to check inflation, uses R3 to describe Raghuram Rajan.
He attached with the tweet an unstarred question he raised in Rajya Sabha on July 27 on performance of Micro, Small and Medium Enterprises.
Swamy had asked about the rate of growth of output of MSME in last three years. "The rate of growth of output of Micro, Small and Medium Enterprises (MSMEs) at current prices, for the years 2013-14 and 2014-15 are 13.09 percent and 9.79 percent respectively," Minister of State for MSME Haribhai Parthibhai Chaudhary has replied to this.
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Sundar | Wed Aug 3 12:44:03 2016
R3 effect U dont require a Pakistan or China to trouble our country One S2 is enf!
Regarding development
C.G.sreedharamurthy | Wed Aug 3 12:01:02 2016
Firstly blaming is not give any yield either personally or poltically It is better coordinate each together & come out clean & good governance,it is a better service to the peoples of India
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