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Cryptocurrency News Articles

PM takes 'Hindu rate of growth' versus 'Bharat rate of growth' jibe at Congress

Feb 07, 2025 at 01:07 am

PM Modi criticises Congress's economic policies, blaming them for the 'Hindu rate of growth' and highlighting India's current growth under BJP.

PM takes 'Hindu rate of growth' versus 'Bharat rate of growth' jibe at Congress

PM Modi slammed erstwhile Congress govts for shackling India's economy, causing the world to coin the phrase "Hindu rate of growth." He highlighted India's current growth under BJP, terming it the "Bharat rate of growth."

New Delhi: Prime Minister Narendra Modi on Thursday attacked erstwhile Congress governments for shackling the country's economy causing the world to coin the phrase "Hindu rate of growth" and said an entire society faced abuse and humiliation due to financial mismanagement of one family.

Delivering a scathing critique of past Congress regimes that practised "licence-permit raj", the Prime Minister said the world is now watching the "Bharat rate of growth" with India emerging as the fastest growing major economy.

Replying to the debate on the Motion of Thanks on the President's address in the Rajya Sabha, he also accused the Congress of adopting a policy of 'family first' and appeasement, and said the BJP government only believed in the policy of 'nation first' and 'sabka saath, sabka vikas'.

He criticised the Congress for having "hatred and anger" towards B R Ambedkar and said this was reflected in not giving due recognition like the 'Bharat Ratna' to the architect of India's Constitution.

Accusing the grand old party of not respecting Ambedkar, he said the Congress is now forced to say 'Jai Bhim' and also get choked while speaking so.

The Prime Minister said it would be a mistake to expect the Congress to follow the model of 'sabka saath sabka vikas' as the party was devoted to one family.

Modi, speaking to frequent applause, launched a comprehensive political assault on the Congress, saying it always followed the policy of appeasement and hated BR Ambedkar whereas the BJP-led NDA believed in 'santushtikaran' (satisfaction) not 'Tushtikaran' (appeasement) and implemented affirmative action and reservations including 10 per cent EWS quota without causing "any conflict in society."

Modi also hit out at the economic policies of the Congress government and the 'Licence quota raj' that gave rise to corruption and affected the country's economic progress and growth.

He also said the entire Hindu community was blamed and its image tarnished across the world for the economic mismanagement and wrong policies of the Congress 'royal family' that led to slow growth, which was coined as the 'Hindu rate of growth'.

The term 'Hindu Rate of Growth' was coined by economist Raj Krishna and is referred to the slow average growth of 4 per cent recorded during 1950s and 1980s.

Modi also targeted the Congress government for imposing Emergency in the country during which the entire opposition was put behind bars and hand-cuffed. He also cited several examples of film stars, singers and writers against whom action was taken for not lauding the Congress during that time.

Taking a swipe at Rahul Gandhi and other Congress leaders, he said those carrying copies of the Constitution have scant respect for it as he recalled how first prime minister Jawaharlal Nehru amended the Constitution during his first stop-gap government curtailing the freedom of speech and expression of common people and did not even wait for elections in doing so.

"'Sabka Saath, Sabka Vikas' (development of all while taking everyone along) is our collective responsibility. It would be a big mistake to expect 'Sabka Saath-Sabka Vikas' from the Congress. This is beyond their thinking and does not fit in their roadmap. In the Congress model, 'Family First' is supreme. That's why its policies, its speech, its behaviour are centred around that family only," he said in his 90-minute long speech in the Rajya Sabha.

Targeting the Congress governments of the past for the slow rate of growth, he said the restrictions and Licence Raj policies were responsible for it.

"The world gave the name of 'Hindu rate of growth' to this slow growth and failure. An insult to an entire community. It was on account of the failure and corrupt practices of those sitting in the government, but the entire community was blamed and abused, its image got tarnished across the world due to the economic mismanagement and wrong policies of the 'shahi parivaar'," Modi said.

Asserting that when the country has embarked on the path of progress and India is achieving new heights of development, then the role of everyone becomes very significant.

"It is natural in a democracy to oppose the government and its policies. But extreme opposition, extreme pessimism and efforts to undermine others without focusing on one's own policies can become obstacles in moving towards the path of becoming a developed nation. We have to break free from it, we have to introspect and think continuously," he said.

The Prime Minister said it is everyone's pledge to make the country 'Viksit Bharat' and not just of the government, adding the country will

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