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इंडियन आवाज़     20 May 2019 04:39:25      انڈین آواز
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Banking system bankrupt, gross NPAs at Rs10.3 lakh crore: Chidambaram

AMN / NEW DELHI

chidambaramFormer finance minister and senior Congress leader P Chidambaram slammed the Modi Govt for its poor showing on economic indicators after four years rule, noting the GDP growth rate was at a “sobering” 6.7% and the “banking system bankrupt” with gross NPAs rising from R 2,63,015 crore to R 10,30,000 crore.“On the day after Central Statistics Office (CSO) released the growth numbers for 2017-18, the media played up just one number: 7.7%,” he said, in a series of tweets.“At first blush it appeared to be GDP growth number for the whole year 2017-18, and was certainly impressive. Actually, it was the growth number for just one quarter, Q4, and the uptick was also because of the low base effect. For the whole year, however, the GDP growth rate was a sobering 6.7%,” he said

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