UPA has destroyed country's economy: Sukhbir Singh Badal

LUDHIANA: The Congress-led UPA government has destroyed the economic structure of the country and the countdown has now begun for the alliance to be shown the door by the people, Punjab Deputy Chief Minister Sukhbir Singh Badal said today.

Talking to reporters after a whirlwind tour of the city to oversee the progress of development works initiated in the last six years, Badal said it was unfortunate how the poor economic situation had driven investor confidence to its lowest ebb.

The plunging rupee and decline in GDP growth coupled with galloping inflation have brought the country face to face with one of its worst economic crises ever.

The situation was so alarming that international rating agencies have downgraded the country's outlook to negative, forcing investors to pack up and leave.

There was talk about the Union government's irrational policies even amongst multi-national companies and in business communities, Sukhbir said.

Amidst all this, Prime Minister Manmohan Singh remained a mute spectator to the destruction of the Indian economy as all the Union ministries were pushing contradictory plans.