Nineteen months into government, he also asked the BJP-led government where are the jobs and private investment promised by the party and Prime Minister Narendra Modi.
"The Government seems to be stalled. The mid-year (economic) analysis (tabled in Parliament last week) is a confession that the Government has not been able to push growth. They have begun the exercise of tempering expectations down to about 7.2-7.3 percent, a far cry from what they said at the beginning of financial year that they will achieve a growth rate of 8-8.5 per cent," he told reporters in an interview.
Also, the government has started talking about not being able to achieve the fiscal deficit target of 3.5 percent of GDP for 2016-17. "All these points to a lack of command over the situation and lack of capacity to deal with the problem," he said adding "This is complete lack of direction."
In its Mid-Year Economic Analysis, the government on Friday lowered its economic growth forecast for 2015-16 to 7-7.5 percent from 8.1-8.5 percent. It said the target of ringing it down to 3.5 percent in the next will face pressure from higher outgo on central staff wages due to implementation of the 7th Pay Commission and Defence pensions.

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