Indian economy is in ICU, Modi government is anti-poor: P. Chidambaram
Indian economy is in ICU, Modi government is anti-poor: P. Chidambaram

New Delhi: Former finance minister and veteran Congress leader P Chidambaram has attacked the Modi government. During an event held on Saturday in Hyderabad, Chidambaram said that India's economy is in ICU. This government is against the poor. Demonetisation was a historical mistake. This was the most fraud of independent India. This led to a loss of jobs. Small and medium scale industries were ruined.

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Chidambaram has said that jobs were destroyed due to demonetization. People lost their jobs. Industries were destroyed. Micro-medium industries have also been destroyed. The second major lapse of this government was GST. The idea of a single tax is quite good, but the current GST is not a single tax. The system to be followed for this is not good.

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He said that this is the biggest anti-poor government. The factory is able to do only 70% of the work. The plant load factor is only 45%. The automobile event is operating at 50% capacity. P Chidambaram has said that there are no such signs which indicate that the economy is improving. Why the finance minister is not even saying a word on the bad state of the economy. Foreign reserve is going down. Why is the finance minister refusing to accept this fact.

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