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Swamy attacks RBI governor again; this time for MSMEs

Updated: Jul 30, 2016 06:34:47am
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Swamy attacks RBI governor again; this time for MSMEs

New Delhi, July 30 (KNN) In a tweet, BJP Rajya Sabha MP Subramanian Swamy has yet again blamed the Reserve Bank of India (Governor) Raghuram Rajan for dip in growth rate of small and medium enterprises.

"As you can see the MSME growth has sharply declined in one year. The 2015-16 data seen sharper decline. R3 effect!" he tweeted.

Swamy, who has been critical of the outgoing Governor for keeping lending rates high with a view to check inflation, uses R3 to describe Raghuram Rajan.

He attached with the tweet an unstarred question he raised in Rajya Sabha on July 27 on performance of Micro, Small and Medium Enterprises.

Swamy had asked about the rate of growth of output of MSMEs in the last three years.

To this, Minister of State for MSME Haribhai Parthibhai Chaudhary replied that "the rate of growth of output of Micro, Small and Medium Enterprises (MSMEs) at current prices, for the years 2013-14 and 2014-15 are 13.09 per cent and 9.79 per cent respectively." (KNN Bureau)

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