Not only the government but FM Nirmala Sitharaman is facing onslaught for the declining growth rate of the country but her husband and economist Parakala Prabhakar’s take on the Indian economy has opened can of worms when he said that the Modi government’s economic policy is causing economic distress in the country. This has embarrassed the government and the FM alike giving more strength to speculation that she is on her way out of the ministry whenever reshuffle takes place.

Prabhakar suggested the government to adopt the Rao-Singh economic model that paved the way for liberalisation of the economy. The government must not always resort to criticizing Nehruvian socialism. He said, "Data flowing uninterruptedly into the public domain show that sector after sector is staring at a seriously challenging situation."

Insiders say that the reason for his outburst is that the BJP leadership is not giving him any space anywhere. People say that he was instrumental into bringing Andhra Pradesh’s Jan Sena Party closer to the BJP. He accomplished the task effectively for the BJP and hence he had some expectations from the BJP leadership to draft him into a bigger role. People feel that Sitharaman has been asked to cut more that she even cannot chew probably this is the reason that he has opened a front against the government.

He did not leave any chance to put the government in dock when he said, "The rejection of Nehruvian 'socialistic pattern of society' was clear since the days of the Bharatiya Jana Sangh. The BJP's advocacy of what can, at best, be loosely termed as a capitalist, free market framework remained untested in practice...In economic policy, the party mainly adopted 'Neti Neti (Not this, Not this'), without articulating what was its own 'Niti (policy)'.

He suggests the BJP should adopt the Rao-Singh economic architecture, adding, "A full-fledged embrace could provide the BJP and the government a lodestar to steer the economy out of the choppy waters."