In an interview which he gave exclusively to CNN-News18 Anand Sharma, former Union Cabinet Minister in charge of Commerce and Industry and Textiles, said that the Prime Minister Narendra Modi has no understanding of economics. Sharma asked whether the PM was questioning the Economic Survey.

Speaking at a press conference Anand Sharma, former Union Cabinet Minister in charge of Commerce and Industry and Textiles, said that the existing industrial capacity of this country is lying idle.



"Only 70 percent of the pre-existing industrial capacities are being used [right now]. There have been 30 percent none-utilisation of capacity.



In an interview which he gave to CNN-News18, Sharma said that Prime Minister Narendra Modi has no understanding of economics.



Prime Minister Narendra Modi in an interview with Network18 took a swipe at the Congress, saying he should have placed a white paper on the state of the economy before his first Budget. But national interest came before political instinct as the revelations would have further depressed the industry and markets.



Reacting to this statement, Sharma asked whether the PM was questioning the Economic Survey.



More to follow...