Nirmala Sitharaman’s husband hits out at Centre over slowdown, says govt in denial

Sector after sector is staring at a seriously challenging situation even as the government remains in denial of economic slowdown, leading to anxiety in the country, noted political economist and Finance Minister Nirmala Sitharaman's husband Parakala Prabhakar has written, in an opinion piece, for the English daily, The Hindu.

Prabhakar, in a stinging criticism of government's policies, also opined that instead of "critiquing Nehruvian socialism, the BJP should embrace the Rao-Singh economic architecture."

"The Rao-Singh policy scaffolding remained largely unaltered in the last quarter-century. The Congress came to terms with the repudiation of Nehruvian economics by erasing Rao’s memory from its organisational hard disk. But it still kept its connect with the 1991 shift by retaining Dr Singh," he says.