AGARTALA / NEW DELHI, Oct 11 (TIWN): Tripura Chief Minister Biplab Deb has slammed the propaganda of economic fall in India and said there is no economic slowdown in this country.

CM was addressing at Town Hall in the ‘Angikaar’ programme of Urban Development on Thursday and said, although the whole world is undergoing massive economic crisis situation but it could not touch India as Modi Govt slashed the corporate taxes before it could effect India.

He also hit the Communists that the Communists only know to read theories which are practically impossible.

“Modi Govt has proven how to save the economy by increasing 24,000 crore foreign economy via slashing of corporate taxes”, he said.  

https://www.youtube.com/watch?v=b9mKIQZw0VQ  (Click TIWN YouTube channel link for CM's speech)

In the contrary however PTI has reported that India has moved down 10 places to rank 68th on an annual global competitiveness index, largely due to improvements witnessed by several other economies, while Singapore has replaced the US as the world's most competitive economy.  India, which was ranked 58th in the annual Global Competitiveness Index compiled by Geneva-based World Economic Forum (WEF), is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).