NATIONAL NEWS

P. Chidambaram Terms $5 Trillion Goal ‘Pie In The Sky’

Chidambaram

 

New Delhi: Senior Congress leader and former Finance Minister P. Chidambaram on Thursday branded the government’s target of making India a $5 trillion economy in five years a “pie in the sky”. He also said that there was nothing in the just-unveiled budget for the middle class or firm action to raise household savings. Taking part in a discussion in the Rajya Sabha, he sought to know from the government about proposed structural reforms and how it planned to spur economic growth and investment. He hit out at the Modi government for the slow economic growth and poor performance on capital expenditure, terming the revenue targets for the current fiscal as unrealistic given the trends in FY19. On the government’s target of making India a $5 trillion economy in five years, Chidambaram said people were being shown a “pie in the sky”. (IANS)

 

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