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Thursday, December 5, 2019

Indian Goverment is Clueless About the economy

the Indian government is clueless about the economy of India


Highlights 

the former finance minister told that the Indian government is clueless about the Indian economy and India will be lucky to end the year if growth touches 5%

Chidambaram told that even 7 months after the fiscal, The BJP is wrong in believing that the problems faced by the Indian economy cyclical.


                                                      P.Chidambaram


NEW DELHI  Former Finance Minister  P. Chidambaram on Thursday pointing his guns at the center told that The Prime Minister Narendra Modi led BJP government has no idea about the economic problem going on in India and added India will be lucky to end the year if  G D P growth touches 5 %


GDP decline below 5% to 4.5% lowest from March 2013

the present government is clueless about the economic problem in India, it is stubborn, foolish in defending the biggest mistake like demonetization flawed GST, told the union minister at a press conference in the national capital ( NEW DELHI ) on Thursday
telling economic slow down is a man-made phenomenon act Chidambaram  told " The PM has been all silent on economic problems of India and has left it to its ministers to indulge in bluff and bluster,"

"Please remember DR , Arvind Subramanian's warning that 5% under this government  because of suspect Methodology  is not really 5% but less than about 1.5% The former finance minister added

Addresing the first press conference after coming out of the Tihar Jail on Wednesday Chidambaram told that the Indian economy could be brought out of a slowdown but this government is not able to do it, He said that even after the 7 months of that fiscal, The BJP government is wrong in thinking that the Indian economy problems are cyclical.



" Congress, some other parties better equipped can bring out India economy from Slowdown, But we have to wait for a better time, " The former finance minister said.

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