RS-BUDGET
Feb 10, 2020, 12:13 IST
Economy close to collapse: Chidambaram in RS
New Delhi, Feb 10 () Former finance minister PChidambaram on Monday tore into the Modi government's handlingof the economy, saying it was close to collapse and was beingattended by "very incompetent doctors."
Advertisement
Initiating the debate on the Union Budget for 2020-21 inRajya Sabha, he said rising unemployment and fallingconsumption was making India poorer.
Stating that the government refuses to admit itsmistakes, he listed demonetisation of old 1000 and 500 rupeenotes as well as hurried implementation of the Goods andServices Tax as "monumental blunders" that ruined the economy.
"It is living in denial," he said, adding the economicgrowth has fallen for an unprecedented six consecutivequarters. ANZDV DV(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)