Hits back at former Prime Minister Manmohan Singh and former Finance Minister P Chidambaram for condemning the Centre over the falling GDP figures, Union Minister Anurag Thakur has said that both the Congress leaders must look back to judge the condition of the country’s economy during the term of the UPA Government. 

Mr. Thakur further asserted that PM Modi-led Government was taking all necessary steps to strengthen the country’s economy. 

The Union Minister of State For Finance was quoted saying, “Both the former finance minister and the former prime minister need to first look back and see what was the state of the economy during their tenures. When they were in office, the inflation rate was in double digits and the economy was (growing at a rate of) under five percent.”

“You do not have to look back much. You will see this if you go six or seven years back,” added Mr. Thakur

Anurag Thakur went to Gujarat’s Ahmedabad to attend an award distribution ceremony, which was organized by the Gujarat University Startup and Entrepreneurship Council (GUSEC).

Mr. Singh has recently said that the state of the economy was “deeply worrying” and that “all-round mismanagement” by Modi Government had resulted in the economic slowdown.

He continued that the last quarter GDP growth rate of 5 percent has signaled that “we are in the midst of a prolonged slowdown.”

P Chidambaram further took a dig at the NDA Government over fall in the GDP, which dropped to an over-six-year low of 5 percent in the April-June quarter.

Minutes after P Chidambaram has stepped out of a courtroom on September 3 in Delhi, when journalists questioned him what he had to say about his CBI custody, he was quoted saying, “Five percent. Do you know what is five percent?”

Unfazed by the criticism of the opposition leaders, Mr. Thakur assured that India would become a USD 5 trillion economy before 2024, which is a target set by PM Modi. 

Mr. Thakur continued, “I can say this because our government has kept both inflations as well as fiscal deficit under control. We are taking all the necessary steps to give a boost to the economy. We are meeting officials, traders, businessmen, and even consumers to implement effective steps, which will be beneficial for all of us and help the country grow further.”

Mr. Thakur said that instructions were being provided to officials across the nation to make sure that taxpayers were no disturbed as they “are contributing to the development of the country by paying taxes.”

Related Articles
Next Story
Going Viral
Economic Growth In India Is “Much Weaker Than Expected”- Explains IMF

Economic Growth In India Is “Much Weaker Than Expected”- Explains IMF

by Chandrani Sarkar September 13, 2019
On Thursday, the International Monetary Fund has said that the economic growth of India is “much weaker than expected” due to environmental and corporate regulatory variability and “lingering weakness” in some non-bank financial sectors.  The IMF spokesman Gerry Rice told sources at a press conference, “We will have a fresh set of numbers coming up, but the recent economic growth in India is much weaker than expected, mainly due to...