You are here: Home » Economy & Policy » News
Business Standard

Subramanian 'good doctor' but NDA govt 'terrible patient': Chidambaram

'A bad patient will not take the medicines, and make his own diagnosis and prescription,' he said.

Press Trust of India  |  New Delhi 

P Chidambaram
Congress leader P Chidambaram.

Senior leader P on Sunday claimed that the Narendra Modi-led was in denial over the economic situation and dubbed it a "terrible patient" which makes its own diagnosis.

The former finance minister also termed Chief Economic Adviser as a "good doctor" whose advice on the economy was not being heeded by the government.

"has been a good doctor since his appointment as the CEA in October 2014. The has been a terrible patient," he tweeted.

"The government continues to be in denial. It denies the objective situation in the economy. It denies farm distress. It denies joblessness. It denies the opposition's arguments. Now, it denies even the diagnosis and the prescription of the doctor it engaged in 2014," he alleged.

also said he regarded the CEA as the doctor-in-residence to check his patient's health every day and, in case the patient fell ill, to prescribe the course of treatment and the medicines.

"A bad patient will not take the medicines, and make his own diagnosis and prescription," he said.

In a series of tweets, the minister said the budget was an occasion to outline the reforms and set a schedule.

"Instead, what we got was Elizabethan prose about an ambitious reform agenda under the rubric of an Enhanced Access and Service Excellence (EASE) programme," he said.

The leader said the emphasised the four Rs (Recognition, Resolution, Recapitalisation and Reforms) and pointed out that, although the first three were done, banking reforms had still not been undertaken.

A modest rise in exports in recent months, he said, may have made the government complacent. "There are no grounds for complacency because merchandise exports have barely come back to the level of a few years ago," he said.

He claimed the pointed out that "it is striking that the Centre's tax-GDP ratio is no higher than it was in the 1980s" and said, after demonetisation and the GST, it would be interesting to see how good the collections have been and also the projections for the next year.

has been very critical on the way the is handling the economy and the GDP growth is declining.

First Published: Sun, February 04 2018. 15:29 IST
RECOMMENDED FOR YOU