Congress leader P Chidambaram on Saturday took a swipe at the NDA government for claiming that the growth rate was better in its rule, saying it was lower than UPA's 10 years average and was going downward.
In multiple tweets, Chidambaram said theWorld Bank's former chief economist Kaushik Basu had stated that India's growth rate was lower than the 30-year average but Finance Minister Arun Jaitley said the growth rate was better.
"What is the average of 4 years of NDA? It is 7.3 under new methodology and lower than UPA's 10 year average.What is the direction of NDA's growth rate? Investments? Savings? Credit growth? All downward," he claimed.
Jaitley said the government had undertaken several structural reforms--from GST and the Insolvency Code to linking subsidies with Aadhaar, something that he accused the previous UPA-led government of abandoning.
"The difference betweenUPAand NDA is that we know how to bite the bullet when decisions have to be taken," he had said.