New Delhi: A day after senior BJP leader Yashwant Sinha’s takedown of Finance Minister Arun Jaitley’s handling of the economy, his son and union minister Jayant Sinha has defended the government’s economic policies, stating it is undertaking structural reforms that are “necessary to create a ‘New India’ and provide good jobs for our billion-strong workforce.”
“The new economy that is being created will be much more transparent, globally cost-competitive, and innovation driven. Importantly, the new economy will also be much more equitable thereby enabling all Indians to lead better lives,” Jayant Sinha, who is minister of state for civil aviation, writes on the Edit page of today’s Times of India newspaper.
His father’s harsh critique was published in the Indian Express yesterday. Yashwant Sinha accused Arun Jaitley for making a “mess” of the economy and blamed it partly on what he called a hurried launch of the Goods and Services Tax and Prime Minister Narendra Modi’s shock move to ban high value currency last year.
Jayant Sinha makes no direct mention of his father’s assessment, but says articles that have been written on the challenges that face the economy “draw sweeping conclusions from a narrow set of facts, and quite simply miss the fundamental structural reforms that are transforming the economy.”