The RCEP pact will give a 'body shot' to the Indian economy: Sonia Gandhi

NEW DELHI: President of Congress Sonia Gandhi On Saturday, it launched a scorching attack against the government on the state of the economy, saying that signing the RCEP agreement will result in incalculable difficulties for farmers, merchants and small businesses.

Addressing a meeting at the AICC headquarters here, he claimed that instead of acknowledging the severe slowdown and seeking a comprehensive resolution, the Prime Minister Narendra Modi You are too busy managing headlines and events.

As a citizen and as a member of the responsible opposition, it hurts to see the Indian economy besieged. What is even more worrying is that the government is in complete denial, Gandhi said.

As the economic decisions have not damaged the economy enough, it is now ready to hit hard by signing the Regional Comprehensive Economic Association Agreement (RCEP), the regional free trade agreement of 16 Asian countries, Gandhi said.

He said that this will result in incalculable difficulties for farmers, merchants and small and medium enterprises.

His comments come when negotiations to finalize the RCEP, which expired a long time ago, enter final stages. All eyes are on India on whether it will finally launch and accept the world's largest trade agreement that encompasses 16 nations in Asia Pacific.

Speaking to the party's general secretaries, state officials and the heads of frontal organizations, Gandhi said: The latest shocking revelation that through the Israeli Pegasus software acquired by the Modi government, spy and spying activities to activists, journalists and political people have taken place.

These activities are not only illegal and unconstitutional, they are embarrassing, he said.

Far from creating jobs, recent studies now suggest that demonetization, a bad GST and subsequent economic decisions of the Modi government have resulted in an unprecedented loss of 9 million jobs over the past 6 years, he said.