"S&P says division of roles between "powerful" Cong president and "appointed" PM has weakened policy making framework and caused political vacuum," tweeted Modi on Tuesday, Jun 12.
Modi blamed UPA government for all the hurdles that the country is facing in recent time. "Congress-led UPA's toxic combination of poor economic decisions, lack of reforms and political roadblocks is pushing India to the brink," said Modi.
Standard and Poor's (S&P) in its report claimed, "paramount political power rests with the leader of the Congress party, Sonia Gandhi, who holds no Cabinet position, while the government is led by an unelected Prime Minister Manmohan Singh, who lacks a political base of his own."
Even Finance Minister Pranab Mukherjee also faced the rage of Gujarat CM for rejecting the report of S&P which has downgraded India's rating outlook to 'negative' from 'stable' in Apr 2012.
"UPA's outright rejection of S&P's blunt assessment of India's economic reality does not really come as a surprise," tweeted Modi.