Former Finance Minister and senior Congress leader P. Chidambaram on Tuesday said that 2020-21 has been the darkest year of the economy in four decades and that the government should print more money if necessary as suggested by several .
Former Finance Minister P. Chidambaram. File
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AP
Former Finance Minister P. Chidambaram said good advice by distinguished economists and renowned institutions has been rebuffed so far and world-wide experience has been ignored The Congress on June 1 asked the government to reverse its “disastrous” policies and heed to the advice of economists by printing more money and increase spending and not let another year go waste.
Congress leader Rahul Gandhi shared a graph of the rising unemployment rate and said, “PM’s hall of shame Minimum GDP. Maximum Unemployment.”
Congress leader P. Chidambaram said all indicators point that the economy is in dire straits and said going by the performance of the economy in the last four quarters, 2020-21 has been the “darkest year” of the economy in four decades.
The Opposition party said that PM Modi refused to pay heed to good advice and the global experience of management during the time of pandemic and lockdown
The Congress leader alleged that when the first wave of the Covid pandemic appeared to subside last year, the Finance Minister and her Chief Economic Adviser began to sell the story of recovery.
2020-21 darkest year of economy in four decades, most Indians poorer: Chidambaram ANI | Updated: Jun 02, 2021 00:33 IST
New Delhi, [India], June 2 (ANI): Congress leader P Chidambaram on Tuesday said that most Indians are poorer than they were two years ago with most economic indicators being worse for the period and said the government must admit its errors of commission and omission, reverse its policies and heed the advice of economists and the opposition .
He said that 2020-21 has been the darkest year of the economy in four decades .
The former Finance Minister said there are no surprises in the 10-page press note issued by the National Statistical Office on the provisional estimates of Annual National Income for 2020-21.