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GDP growth is 5%: Chidambaram mocks Modi government on slowdown

Former finance minister, P Chidambaram on Tuesday mocked the Modi government on the country's slow economic growth. Chidambaram was questioned by the media about his extended CBI custody outside Delhi court premises when Chidambaram said "5%, GDP is 5%" pointing towards the media.

India TV News Desk Edited by: India TV News Desk New Delhi Updated on: September 03, 2019 17:49 IST
Image Source : SCREENGRAB

"GDP growth is 5%" P Chidambaram mocks Modi government on economic slowdown 

Former finance minister, P Chidambaram on Tuesday mocked the Modi government on the country's slow economic growth. Chidambaram was questioned by the media about his extended CBI custody outside Delhi court premises when Chidambaram said "5%, GDP is 5%" pointing towards the media. 

Chidambaram was leaving the court premises after the hearing on the INX Media case.

Chidambaram's CBI custody related to corruption charges in the INX Media case was extended by the Delhi court on Tuesday.

National Statistical Office (NSO) data released last week showed that India's GDP had dropped to a 25-quarter low of 5% in the second quarter 2019 (April to June) on the back of poor numbers from the manufacturing and consumption sectors. 

This is the fifth consecutive quarter that the GDP growth of India has fallen.

Union Minister Mukhtar Abbas Naqvi has lashed out at Chidambaram for his comments. Speaking to a TV channel, Naqvi said, "economic crisis was at the time of Congress party. When Narendra Modi became the Prime Miniter in 2014, country's economy was struggling. Congress need not worry about the economic affairs of India, they are in safe hands." 

 

 

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