Speaking at a seminar here on the economic situation in the country, organised by the Maharashtra unit of Congress, Chidambaram said that GDP growth is shrinking, investment flow has dried up and no jobs are being created.
He dismissed the NDA government's claim of creating 70 lakh jobs in four years, and added that many of the persons who were arrested in the recent cases of mob lynchings were jobless.
In Tamil Nadu alone, 57,000 establishments closed down in 2017-18 and five lakh people lost their jobs, he said, blaming demonetisation for the situation.
Chidambaram also said that both he and Pranab Mukherjee had pressed for the Goods and Services Tax (GST) during their respective tenures as finance minister, but the BJP had then opposed the single tax system.
Today the saffron party has embraced the GST, he noted.
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