'2020-21 the darkest year for Indian economy..': P Chidambaram

New Delhi: Senior Congress leader and former Union minister P Chidambaram on Tuesday expressed concern over the 7.3 percent decline in the economy during 2020-21, saying the government should accept its mistakes and follow the advice of opposition and economists if such a situation is to be avoided in 2021-22.

Chidambaram called 2021-21 the "darkest" year of the last four decades in terms of economy and alleged that the corona epidemic as well as the government's "unskilled and inefficient economic management" made things worse. The Congress leader said, "What was being speculated happened. The economy had declined by 7.3 per cent during the last fiscal". Chidambaram said the GDP in 2018-19 was 140,03,316 crore. 145,69,268 crore in 2019-20 and declined to Rs 135,12,740 crore in 2020-21. This reflects the state of the country's economy.

The Congress leader claimed that "2020-21 has been the darkest year of the country's economy in the last four decades. The four quarter figures tell the story of the economy.' Chidambaram said, "Last year, when the first wave of corona epidemic appeared to be slowing down, the Finance Minister and the Chief Economic Advisor started talking about the economy getting back on track. We said the economy needs strong support from the stimulus package".

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