Chidambaram hits out at PM Modi over his remarks in Bangkok

The former Union minister has been critical of the Modi government's handling of the economy and has said this is the reason that he is being targeted.

Published: 05th November 2019 02:24 PM  |   Last Updated: 05th November 2019 02:24 PM   |  A+A-

Former Finance Minister P Chidambaram

Former Finance Minister P Chidambaram (Photo | EPS)

By PTI

NEW DELHI: Senior Congress leader P Chidambaram on Tuesday took a swipe at Prime Minister Narendra Modi over his remarks in Bangkok, saying that he should have also talked about the falling investment, growth, credit and business confidence in India.

Chidambaram, who is currently lodged in Tihar jail for alleged corruption in the INX Media case, said the prime minister should have said that unemployment has also risen and there are signs that new loans are turning into bad loans.

ALSO READ: Industry, traders and farmers welcome India's decision to not sign RCEP

"At Bangkok, the PM spoke about things that are rising and things that are falling in India. The list was incomplete.

"He should have added that investment is falling; core sector growth is falling; credit to industry is falling; consumer demand is falling, and business confidence is falling," he said on Twitter.

Chidambaram, who asked his family to tweet on his behalf, said, "He should have also said that unemployment has risen to 8.5 per cent and there are signs that new loans given in the last three years are turning into bad loans."

ALSO READ: Modi shuts the door on RCEP, dubs trade agreement against India's interests

The prime minister had told a group of influential business leaders in Bangkok on Sunday it was the best time to be in India and that many things such as foreign direct investment, ease of doing business, ease of living and productivity are rising while tax rates, red-tapism, corruption, cronyism are on a decline.

The former Union minister has been critical of the Modi government's handling of the economy and has said this is the reason that he is being targeted.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp