Unnecessary gloom being spread, great things happening in current regime: Jayant Sinha

NEW DELHI: Minister of State, Civil Aviation, Jayant Sinha today said that NDA government had inherited an economy which was in bad shape, adding that the economic growth will soon pick up. Virtually denouncing his father Yashwant Sinha's statement, he said that the current government is doing great and that unnecessary gloom and doom is being spread.

Here are highlights of Sinha's interview to ET Now:

Have taken important structural reforms for economy


We inherited an economy which was in bad shape

Economy has slowed and is going to pick up soon

Undoubtedly, the NPA mess was created by UPA and we have taken the necessary steps to address that. It will take time to reflect in economy and it is happening right now.

We have a massive crackdown under way, so obviously they should be worried

Unnecessary gloom and doom being spread. Great things happening in current regime.

Reforms important to create New India

Inflation has come down a lot



Been on war-footing since the day we formed Govt, have brought in structural reforms.

Govt is pumping fiscal stimulus into the economy in a lot of way.

2009 was disastrous for Indian economy and UPA paid for that politically

India has high real interest rate



We have all the right things vis a vis macro economy