New Delhi: In his first press meet after getting the bail in the INX case, former finance minister P Chidambaram came down heavily on the flawed economic policies of the government. “The government is wrong. It is wrong because it is clueless. It is unable to look for the obvious clues because it is stubborn and mulish in defending its catastrophic mistakes like demonetisation, flawed GST, tax terrorism, regulatory overkill, protectionism, and centralized control of decision-making in the PMO,” he said.
“The Prime Minister has been unusually silent on the economy. He has left it to his ministers to indulge in bluff and bluster. The net result, as the Economist put it, is that the government has turned out to be an ‘incompetent manager’ of the economy,” he added.
“We will be lucky to end the year if growth touches 5%. Please remember Dr Arvind Subramanian’s caution that 5% under this government, because of suspect methodology, is not really 5% but less by about 1.5%,” he said.
The Congress leader also talked at a length about the Kashmir situation. “As I stepped out and breathed the air of freedom at 8 pm last night, my first thought & prayers were for the 75 lakh people of the Kashmir Valley who have been denied their basic freedoms since August 4, 2019,” he said.
“I am particularly concerned about the political leaders who have been detained without charges. Freedom is indivisible, if we must preserve our freedom, we must fight for their freedom,” he added.