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$ 50 trillion economy, the Congress Governments have laid the foundation of the Indian Economy: Pranab Mukharjee

Former President Dr Pranab Mukherjee has said that the foundations of modern India were laid by those founders, who had strong faith in the planned economy by the planning commission, as it is nowadays the Planning Commission has been abolished.

-By Dharmendra Singh

In a program organized at the Constitution Club of India, located at Mavalankar Hall in the national capital, Delhi, the former President said, “Those who criticize the Congress rule of 55 years, ignore the fact that India was at the time of independence, and How much have we come forward .Yes, others have also contributed, but the foundation of modern India was laid by Congress party,  who was confident on the Planning Commission which has scrapped now a days. “

Dr. Pranab Mukherjee said, “Those who criticize the Congress rule of 50-55 years, forget where we started from, and where did we leave … If India’s economy is about 50 trillion US dollars , We(Congress party) had left a strong foundation of $ 18 trillion, which started from almost zero … “

He said that the previous governments had laid the foundation for India to make an economy of 50 trillion US dollars now, including Jawaharlal Nehru, Dr. Manmohan Singh and P.V. Narasimha Rao’s governments.

The former president said, “The finance minister had said while presenting the budget that by the year 2024 India’s economy will reach 50 trillion US dollars  but this status will not come down from the sky as there was a strong foundation for it, and that foundation was not done by the British, after Independence, the Hindustani itself had made it “.

Dr. Pranab Mukherjee said, “India progressed fast, because Jawaharlal Nehru and others established institutes like IIT, ISRO, IIM, banking network etc.it also helped by liberalizing the economy by Dr. Manmohan Singh and Narasimha Rao. That’s why India’s economic prospects have increased a lot .On the same foundation, the Finance Minister therefore can claim that India will become an economy of 50 trillion US dollars “.

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