Former Reserve Bank of India Governor D. Subbarao revealed that during his tenure from 2008 to 2013, key UPA ministers including Pranab Mukherjee, P. Chidambaram, and Manmohan Singh pressured the RBI to act as a government cheerleader. This was part of a broader strategy by the Congress-led UPA government, from 2004 to 2014, to manipulate public perception of India's economic condition. The BJP has criticized the UPA for using the RBI to present false narratives about economic growth, suggesting that the Congress party's governance was marked by illusion rather than genuine economic progress.
Governance ❌ Illusion ✅ From 2004 to 2014, under the guise of governance, the Congress-led UPA orchestrated a grand illusion, turning Atal Bihari Vajpayee Ji's thriving economy into a theater of economic despair. They seized the RBI to hide the meltdown, painting an illusion… https://t.co/Vju4SKzuKK
A must-read on how the Congress used to pressurise the RBI to present false narratives on India's economic growth during their rule. https://t.co/5wTk83UFdQ
Governance ❌ Illusion ✅ From 2004 to 2014, under the guise of governance, the Congress-led UPA orchestrated a grand illusion, turning Atal Bihari Vajpayee Ji's thriving economy into a theater of economic despair. They seized the RBI to hide the meltdown, painting an illusion…
#BreakingNews: Former Finance Ministers Chidambaram, Pranab tried to put pressure, reveals RBI ex-Guv D Subbarao BJP's @rpsinghkhalsa shares his views @_pallavighosh with latest scoop on this | @poonam_burde #SettingTheElectionAgenda #RBI #UPA #NDA https://t.co/fgFfKBa2I8
Best Economist Manmohan Singh needed RBI to show that he is good work. Must read thread 👇🏻 https://t.co/aQyOueu5AV
"Pranab Mukherjee and P Chidambaram wanted RBI to be a cheerleader for the government." – Former RBI Governor D Subbarao (2008-2013) https://t.co/OyDImooXYH
UPA ministers wanted RBI to be government cheerleader: Ex-Reserve Bank chief #RBI #Government #UPA https://t.co/sKtRqwXJ3H