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A day after Yashwant Sinha's plaint against Jaitley, son Jayant defends Modi Govt in his blog
Just a day after former finance minister and senior BJP leader Yashwant Sinha lambasted Arun Jaitley, the current finance minister of the Modi-led ruling government, Sinha's son Jayant, who is the MoS for Civil Aviation, came out in defence of the Central government in his blog in the Times of India.

In his column published in the Indian Express on Wednesday, Yashwant Sinha had accused Arun Jaitley for making a "mess" of the economy. Sinha had also criticised PM Modi's move of implementing the Goods and Services Tax (GST) and also the hasty announcement of demonetisation which had plunged the economy into uncertainty. Sinha also warned that the economy was unlikely to recover before the 2019 general elections.

In fact, Yashwant Sinha referred to PM Narendra Modi's demonetisation drive as an "unmitigated economic disaster." He also said that the crucial sectors like agriculture, exports and construction were under dire straits.

Sinha also questioned the ruling Central government's methodology of calculating the GDP. He wrote, "The methodology for calculation of the GDP was changed by the present government in 2015 as a result of which the growth rate recorded earlier increased statistically by over 200 base points on an annual basis. So, according to the old method of calculation, the growth rate of 5.7 per cent is actually 3.7 or less."

However, without making any direct references to his father's observations on the dismal state of the Indian economy, in his blog published in the Times of India today, Jayant Sinha, who is Yashwant Sinha's son and the Minister of State for Civil Aviation, defended the NDA government's economic moves by citing that some "sweeping conclusions" were drawn from a "narrow sets of facts", missing the "structural reforms" transforming the economy.

Jayant wrote in his blog that the GDP growth of one or two quarters was barely enough to judge the long-term impact of the structural reforms that were being implemented.

He said that the "New India" requires these structural reforms for "billion-strong" workforce enabling them to lead better lives.

Jayant Sinha, in his TOI blog wrote, "The new economy that is being created will be much more transparent, globally cost-competitive, and innovation driven. Importantly, the new economy will also be much more equitable thereby enabling all Indians to lead better lives."

Although, the BJP rubbished Yashwant Sinha's article as being motivated by his frustration, Finance Minister Arun Jaitley is yet to respond on the controversial write-up from the former finance minister.

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