BJP vice president Mukhtar Abbas Naqvi said at a time when the country was facing economic emergency the government was protecting interests of foreign corporates and capitalists instead of protecting the interests of the common man.
"The government is trying to protect the business interests of some foreign corporates and capitalists, due to which unemployment and inflation have touched the peak while basic developmental activities have been put on the backburner," Naqvi said in a statement.
Naqvi said the government's economic liberalisation policy has turned into indebtedness to the US following which the dollar has become dearer and the rupee has hit an all time low.
He said whenever the Prime Minister and the Finance Minister have set deadlines for an economic miracle, the country has witnessed an economic slowdown.
"In fact, this government of economists has got totally disconnected from the grassroots due to which despite being rich in resources, the country is unable to overcome its economic difficulties," he said.
The senior BJP leader said history is witness to the fact that whenever any country deviates from the path of self- reliance and tries to run an US-dependent economy, its economy has collapsed.