Ahead of polls, the BJP has started coordinated attack on the UPA and its economic policies. BJP leader Subramanian Swamy hit out at Union Finance Minister P Chidambaram and directly blamed him for the economic mess. Addressing the media in Bangalore on Sunday, Swamy blamed Chidam-baram for the state of economy.

He said, “We are in a complete mess and the most alarming part of today’s situation is that the budget has been put in such a difficult and bad state by Chidambaram. We are in a very delicate situation and the new Government will have to undertake major economic reforms to rectify what damage the UPA has done to Indian economy”.

Hitting out at UPA Government for economic growth rate of 4.8 per cent when compared to NDA’s 8.4 per cent, he said fiscal deficit was at all time high and could lead to a major crisis.

“....Government has now reached the stage that for every Rupee that they borrow from public sector bank, 96 paisa they have to repay as interest on principal for the previous loan. Stating that the next Government would be Modi led, Swamy said, “It is going to face a situation of bankruptcy of Indian economy, which it will have to rectify within six months.”BJP’s manifesto will speak about some of the economic reforms planned by the party, he added.   

Contesting UPA’s claim that large part of economic crisis is due to external crisis, he said,”....We were affected by the instrument created by Chidambaram that was called participatory note....participatory note is a method of laundering money that goes out of India to bring it back and invest it in our stock market. No other country has participatory note- that is why there was a crisis. Tomorrow we abolish participatory note all this crisis will disappear,” he added.

Swamy hit out hard on UPA’s flagship programme Aadhaar and blamed its flag-bearer multimillionaire candidate from Bangalore South Nandan Nilekani for misguiding the people.

“Unique Identification Authority of India as “one more scam in making. This scheme is the most useless scheme as judged by study done by the IIM-Ahemadabad and the standing committee of Parliament on Finance.”  

“In my opinion Nilekani should be prosecuted under section 13 (1) (d) part 3 of the Prevention of Corruption Act  for squandering national resources to US based companies involved,” he alleged.