The finance minister must find a solution to the economic crisis: Shiv Sena

MUMBAI: BJP's biggest ally Shiv Sena On Monday he asked the finance minister to seek a solution to the economic crisis, citing the latest official data on the fall in growth and the increase unemployment .

It said merely playing around with words will not help fight unemployment , the highest in the last 45 years.

"The economic condition of the country appears to be deteriorating. The new Finance Minister must find a solution to the economic crisis. According to the data put forth by the National Sample Survey Office (NSSO), unemployment has increased by 6.1 per cent in the year 2017-18. This is the highest in the last 45 years. Merely playing around with words will not help the country fight the unemployment ," an editorial in party mouthpiece 'Saamana' said.

Shiv Sena's comments came after the NSSO report, released on May 31, showed the GDP growth rate plunging to 5.8 per cent during the January to March quarter of the 2018-19 financial year.

Remembering the promise of creating two crore jobs annually after coming to power in 2014, the editorial said: In 2015-16, more than 37 lakh jobs were vacant, but only 1.48 people were recruited. Similarly, in 2017-2018, as many as 23 lakh jobs were to be filled, but only 9. 21 lakh people were recruited.

He said that the contracting in the banks and railways was also reduced.

The condition of micro, small and medium enterprises (MSMEs) worsened over the years. Many of the public sector companies (PSU) were closed or suffered a great loss. New airports that were built by the BJP government in their last term are not fully functional, he said.

Agriculture has received a great blow. In the last 5 months, up to 315 farmers have committed suicide alone in Marathawada. It is the government's responsibility to provide employment to people, the editorial added.