Economy Cose To Collapse, Atended By Incompetent Doctors’, Says Chidambaram
Mumbai: Former Finance Minister P Chidambaram lashed out at PM Narendra Modi over an economic slowdown and said the economy is heading for collapse as it is attended by “incompetent doctors” now.
Speaking in the Rajya Sabha, he said: “They (government) said that they have inherited a bad economy. You have been in power for six years. How long can they blame the previous managers? People question about the current managers Asking, not about the previous managers ..? Chief Economic Advisor says the economy is in ICU. I disagree. I think that the patient has to be wheeled into the ICU.
Unfortunately, the patient is excluded from the ICU and now incompetent doctors are seeing the patient. “Of course, you will not consult the Opposition parties. Congress is untouchable and rest of the Opposition is looked upon with great contempt. You will not go to Manmohan Singh and ask him. I think it is dangerous to have the patient out of ICU… What is the purpose of standing around the patient and chanting ‘Sabka Saath, Sabka Vikas, Sabka Vishwas’. The patient is not going to revive. Every competent doctor that you have appointed has left the country. You made sure Raghuram Rajan, Arvind Subramanian, Urjit Patel left the country. Who are your doctors?” he said.
Chidambaram said, their net result is that today we have an economy which is near to collapse. It has to be attended by very competent doctors. Over the years, we have found that doctors are not so competent.
The Congress leader said that the Modi government refuses to accept its mistakes and is living in denial.
“Demonetisation was a quick implementation of demonetisation and flawed GST … The government should argue with us with an open mind, at least in the future when we make mistakes. If there is a mistake, they should accept it,” he said.
“The second problem with this government is it is living in denial. It will not accept that the state of the economy is extremely bad,” he added.
Also Read: Former FM P Chidambaram Slams State Of Economy Situation In Country
aking a jibe at Finance Minister Nirmala Sitharam for her budget speech, the Congress leader said: “What is she trying to say? If you take 116 minutes to read a speech, then a few pages are left unread. I am happy that she did not say ‘acche din aane wale hain’.”
“It is good that she has forgotten an empty slogan. But she repeated more than once, the new slogan ‘Sabka Saath Sabka Vikas’. We will know if tomorrow this slogan resonates with the people.”
Chidambaram said that rising unemployment and falling consumption are making India poor.
“The way to revive the economy is to put money in the hands of the public. Don’t put money in the hands of the classes … Today, there is no money in the hands of the people. Nobody has any incentive to invest.” On the contrary, fear and uncertainty prevails throughout the country. No one will invest in the country, ”he said.
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