BJP leader Piyush Goyal (Photo: PTI)
Dismissing Rahul Gandhi’s “biggest stock market scam” allegations, Bharatiya Janata Paarty (BJP) leader and outgoing Union Minister of Commerce and Industry Piyush Goyal said the Congress MP was making such comments because he was “unable to accept INDIA bloc’s loss” in the Lok Sabha elections 2024.
“Rahul Gandhi is hatching a conspiracy to mislead investors out of frustration following the opposition’s defeat,” he said in a press conference.
“The Rs 30 trillion Rahul Gandhi is talking about refers to valuation, it’s notional and not about trading; he doesn’t understand,” Goyal said, adding, “From Rs 67 trillion during United Progressive Alliance (UPA) govt, India’s market cap surged to Rs 415 trillion; domestic, retail investors benefitted most.”
Earlier today, Rahul Gandhi alleged that remarks made by Prime Minister Narendra Modi and other ministers caused a surge in the stock market before the vote counting, followed by a crash after the election results, resulting in significant investor losses. Calling it the “biggest stock market scam,” he called for an investigation.
Hitting back at Congress leader, Goyal said, “Stock market fell as investors feared when Congress gained in seats; it is rising now as Modi govt is set to return.”
He added, “Today, India has become the fifth-largest economy in the world. The whole world accepts that it is the fastest-growing economy in the world. PM Modi has assured the nation that in this term, India will become the third-largest economy”.
First Published: Jun 06 2024 | 8:53 PM IST
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