Economic slowdown a man-made catastrophe, govt to blame: P Chidambaram

Government has turned out to be an incompetent manager of the Indian economy, P Chidambaram said

Former finance minister and senior Congress leader P Chidambaram launched a strident attack on the government over the state of Indian economy on Thursday, a day after getting bail in the INX Media case.

Stating the last six quarterly GDP growth figures, Chidambaram said the upcoming quarters are not likely to be any better. He also raised doubts over the GDP numbers. "Please remember Dr Arvind Subramanian’s caution that 5 per cent under this government, because of suspect methodology, is not really 5 per cent but less by about 1.5 per cent,"