Senior Congress chief P Chidambaram Friday attacked the NDA authorities over its dealing with of the financial system, alleging the BJP-led dispensation has triggered 9 successive quarters of financial decline and an impending recession in 2020-21.
“Those that scoff on the UPAs report should know that economists are laughing at their ignorance and ineptitude,” the previous finance minister wrote on Twitter.
He requested as to what the NDA authorities has carried out since 2015. “Solely triggered a decline in financial development for 9 successive quarters and an impending recession in 2020-21.”
The Rajya Sabha MP claimed that the Oxford Poverty and Human Growth Initiative (OPHI) Examine finds that 270 million Indians have been lifted out of poverty throughout 2005-2015.
This, he stated, was the interval of UPA-1 and UPA-2, which he described because the “golden interval” of India’s financial development.
The UPA dominated the nation from 2004-14.
Mr Chidambaram was the union finance minister from Might 2004 to November 2008 and once more from August 2012 to Might 2014. He has been attacking the federal government over its dealing with of the financial system which he alleged has taken a downturn throughout the NDA regime.