Chidambaram punctues Modi's economic balloon

 

New Delhi, Nov 30  Former Finance Minister P Chidambaram on Thursday said he was happy that the economy has registered a growth of 6.3 percent in the latest quarter but still one cannot say whether this will mark an upward trend in the growth rate.

"I am happy that the July-Sept quarter has registered a growth rate of 6.3 percent. This is a pause in the declining trend of the last five quarters.

Happy that the July-Sep quarter has registered a growth rate of 6.3%. This a PAUSE in the declining trend of the last five quarters.

— P. Chidambaram (@PChidambaram_IN) November 30, 2017



"But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion," Chidambaram said in his reaction to the latest GDP figures released by the Central Statistics Organisation (CSO). 

But we cannot say now whether this will mark an upward trend in the growth rate.

— P. Chidambaram (@PChidambaram_IN) November 30, 2017

 

We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion.

— P. Chidambaram (@PChidambaram_IN) November 30, 2017



In another tweet, he said 6.3 percent is far below the promise of the Modi government and far below the potential of a well managed Indian economy. 

(IANS)