Finance Minister P Chidambaram is of the view that the UPA govt has achieved highest growth rate in any five-year period. He also doubts the economic understanding of BJP’s PM candidate, Narendra Modi and his claim of India can grow at 10 percent in present times.
While Finance Minister’s claims cannot be questioned as he mostly has his figures right and it is normally that India grows better on govt papers only. However,he might have skipped to mention the significant growth in the fields of Corruption and Inflation in UPA’s regime,so far,has been felt by every Indian.
As the Indian economy suffers under crisis, the government says it is fighting the slowdown with number of measures.Finance Minister, P Chidambaram is of the view that there are many countries with 0% growth rate while India is still maintaining 5-6 % growth and that was great. The Planning Commission Deputy Chairperson, Montek Singh Ahluwalia, said that a GDP growth of 5.7 per cent in FY14 would indicate that the economy is on a rebound.
Numbers are numbers. Aren’t they ? If numbers could give all the Indians two meals a day, we would have been the happiest economy.The ground reality is altogether different. You feel the pinch with the rising prices of the day-to-day things you buy while the earnings remain stuck at what it were an year back .
Thanks to the genius economists in the government , at least on papers, we will continue to grow. 🙂
It is one of the most critical moments for the Finance Ministry and P Chidambaram has been given the responsibility who has a real tough task ahead!
Rahul Gandhi has finally declared he is ready to take bigger responsibilities in the party but his two bosses would decide when . Two bosses ? 🙂 .