“Government is clueless on economy; It is stubborn, mulish in defending catastrophic mistakes like demonetisation, flawed GST,” said the Union minister at a press conference in the national capital on Thursday.
Calling economic slowdown a man-made catastrophe, Chidambaram said: “The PM has been unusually silent on economy, has left it to his ministers to indulge in bluff and bluster.”
“Please remember Dr Arvind Subramanian’s caution that 5% under this government, because of suspect methodology, is not really 5% but less by about 1.5%,” the former finance minister added.
Addressing his first press conference since
coming out of Tihar jail on Wednesday
+ , Chidambaram said that the economy can be brought out of slowdown, “but this government incapable of doing it.” He said that even after 7 months of this fiscal, the BJP govt is wrong in believing that problems faced by economy are cyclical.
“Congress, some other parties better equipped to pull economy out of slowdown, but we have to wait for better times,” the former finance minister said.