According to the former finance minister, the government had failed on all three key indicators of vibrant economic growth like investment-to-GDP ratio, credit growth and job creation. The CSO data, he said, had proved the Congress right and the government wrong.
Saying he did not know how the government will go forward, Chidambaram wondered for how long the Centre will keep fooling itself and the people of India by saying that “all is well and the country is on the right course.”
Sounding a note of caution, he said the economy was declining rapidly and unless corrective measures were taken, the situation will worsen.
Recently, Chidambaram and his son Karti have been facing Central Bureau of Investigation and income tax raids for various alleged violations. The former finance minister has been severely criticising the government, especially its economic policies and alleged he was being hounded for this role.