AMN /New Delhi
Reacting to the estimated figure of the Gross Domestic Production being 6.5 per cent for the current financial year 2017-18, senior Congress leader and former Finance Minister P Chidambaram on Saturday said the worst fears and warnings of an imminent economic slowdown have come true.
‘The worst fears of an imminent economic slowdown have come true. Our fears and warnings have proved true. GDP growth in 2015-16, 2016-17 and 2017-18 (estimated) is 8.0, 7.1 and 6.5 per cent. These numbers prove there is a slowdown.
The Modi government’s tall claims of India growing at a ‘robust’ growth rate have evaporated in thin air. No amount of sugar coating, false bravado and rhetoric along with headlines management can conceal the stark reality,’ Mr Chidambaram said in a statement.