Chidambaram criticizes Center on state of Indian economy amid FPI outflows

Senior Congress leader P Chidambaram on Friday criticized the government over the state of the Indian economy, asking if it was in the “pink of health” after high fiscal deficit, inflation, and the depreciating value of the Rupee. He also questioned the government for “backsliding on the fiscal deficit target for the current year. “Within … Read more

India’s $ 5 trillion economy goal achievable by 2026; Chidambaram’s view is very wrong: Union Minister Rajeev Chandrasekhar

Mr. Chidambaram had said that the “goal of a $ 5 trillion GDP appears to be a case of ‘shifting goalposts’” Mr. Chidambaram had said that the “goal of a $ 5 trillion GDP appears to be a case of ‘shifting goalposts’” Union Minister Rajeev Chandrasekhar on Sunday termed “very wrong” senior Congress leader P. … Read more

P Chidambaram writes: Economy still in the woods

The National Statistical Office released the provisional estimates of national income and quarterly estimates of GDP on May 31, 2022. Addressing the media, the Chief Economic Adviser was subdued and cautiously optimistic. He knows, as most economists know, that the Indian economy is not yet out of the woods. The Bad and Worse The worst … Read more

The country will not accept jobless growth

I can scarcely believe that 31 years have rolled by since the bugle was first sounded on a change of economic policy: devaluation of the rupee on July 1, 1991. It was a dramatic move, disruptive, and was vehemently denounced. The Opposition was so strident that PV Narasimha Rao wanted to put on hold the … Read more

Chidambaram Hits Out at Modi Govt on Economy, Calls for ‘Reset’ on Liberalisation Policies

Udaipur: Hitting out at the Narendra Modi government for precipitating one of its worst-ever economic crises in India, senior Congress leader P. Chidambaram said that there was a need to “reset” the economic policies keeping in mind the new global and domestic realities after 30 years of liberalization, privatisation, globalization (LPG) policies in India. He … Read more

State of economy cause of ‘extreme concern’: Chidambaram

Senior Congress leader Chidambaram said a slower rate of growth has been the “hallmark” of the present government in the last eight years and the post-pandemic recovery has been “indifferent and halting” Senior Congress leader Chidambaram said a slower rate of growth has been the “hallmark” of the present government in the last eight years … Read more

India’s Economy Cause Of ‘Extreme Concern’, Time For ‘Reset’: P Chidambaram

“The external situation has added to the pressures on the economy,” P Chidambaram noted. Udaipur: Asserting that the state of India’s economy is a cause of “extreme concern”, senior Congress leader P Chidambaram today said taking into account global and domestic developments, it may be necessary to contemplate a reset of economic policies. Addressing a … Read more

State of the economy cause of ‘extreme concern’, says P Chidambaram

Asserting that the state of the economy is a cause of “extreme concern”, senior Congress leader P Chidambaram on Saturday said taking into account global and domestic developments, it may be necessary to contemplate a reset of economic policies. Addressing a press conference, Chidambaram said a slower rate of growth has been the “hallmark” of … Read more