Can Modi, Jaitley even see threat of economic slowdown, asks Chidambaram

Chidambaram was reacting to the Economic Survey-II 2016-17

Former finance minister P Chidambaram. Photo: PTI
Former finance minister P Chidambaram. Photo: PTI
IANS New Delhi
1 min read Last Updated : Oct 23 2019 | 10:46 AM IST

Former Finance Minister P. Chidambaram on Saturday said the economic slowdown is real as stated by the government's Chief Economic Advisor Arvind Subramanian and asked whether Prime Minister Narendra Modi and Finance Minister Arun Jaitley believed him.

"Economic slowdown is real. CEA says so. Will PM and FM believe him," Chidambaram asked in a tweet.

"The CEA speaks truth to power cautiously. Don't shoot the messenger," he added.

Chidambaram was reacting to the Economic Survey-II 2016-17 which predicts that the economy may not be able to clock the growth rate of 7.5 per cent targeted in the pre-budget survey and that it was facing deflationary pressures.

 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :P Chidambaram

First Published: Aug 12 2017 | 3:18 PM IST

Next Story