News Update

Chidambaram says economy doing badly

Chidambaram says economy doing badly

New Delhi, Nov 4 (UNI) Jailed senior Congress leader P Chidambaram has lashed out at the NDA Government for ‘mismanagement’ of the economy, saying it is “incompetently managed and doing badly”.

Citing an editorial in the Economist magazine, the former Finance Minister, who is in jail for alleged corruption in the INX Media case, said ‘I have asked my family to tweet the following on my behalf:Read the Economist magazine of October 26. It is read by the Fortune 500 companies that must invest in India.’

‘The Editorial says “India’s economy is incompetently managed and doing badly,” the tweet (@PChidambaram_IN) November 4, 2019 further said.

He also referred to Nobel Prize winner Abhijit Bannerjee’s comment on the Indian economy. ‘Doing badly’ is what Nobel Prize winner Dr Abhijit Bannerjee said last week. And he was severely criticised by our Commerce and Industry Minister Mr Piyush Goyal.’