Govt seems to be pessimistic about economy: P Chidambaram
It is in Volume-2, but there is only a bland statement that 'growth of the economy expected to be 7% in 2019-20,' says Chidambaram
Former finance minister P Chidambaram, after the tabling of the Economic Survey 2018-19, said that the new government is pessimistic about the economy and there are no growth projections sector wise.
"The first sentence of Volume-1, Chapter 01 is self-congratulatory ("During the last five years, India's economy has performed well."). I looked for the Outlook for 2019-20. It is in Volume-2, but there is only a bland statement that 'growth of the economy expected to be 7% in 2019-20,'" Chidambaram said.
However, the Economic Survey flags slowing growth, shortfall in revenue, finding resources without compromising the fiscal deficit target. "I am afraid, none of these is positive or encouraging. It appears to me that the government, speaking through the Economic Survey, is pessimistic about the economy,'' Chidambaram noted.