The National Secretariat of the Communist Party of India issued the following statement on August 29, 2019:
Government of India is announcing number of new measures in economy to boost growth. This in fact is an admission by government that it has failed to address issues like unemployment and growth and is an admission that all its tall claims about economy are half truths and false.
Having admitted the crisis, government is resorting to reviving economy through foreign investments. This has failed so far and in fact is the reason for the present crisis. Taking advantage of the crisis, the government is planning to sell national assets to foreign investment and private interest! Government’s decision to allow 100 per cent FDI in coal mining is a disastrous one. The Trade Unions and workers are already opposing this. This is a dangerous move and against national interest. The CPI demands strengthening of public which is the strength of economy.