Addressing the press conference on the second day of Congress contemplation campChidambaram alleged that the government was promoting inflation with its wrong policies. “The state of the Indian economy is a cause for extreme concern. The slow rate of growth has been a hallmark of the current government over the past eight years, and the post-pandemic recovery has been gloomy and stalled. Inflation has risen to unacceptable levels while the government is promoting growth with its wrong policies,” the Congress MP said, adding the external situation has increased the pressure on the economy.
Chidambaram, who heads the panel on economy constituted by the Congress President Sonia Gandhi To lead the discussion in the ongoing three-day Chintan Shivir in Udaipur, Rajasthan, also suggested to consider reset of economic policies.
“The government seems to be unaware of the ways to deal with these developments. Considering global and domestic developments, it may be necessary to consider a reset of economic policies. A reset of economic policies to address questions of growing inequalities, extreme poverty among the bottom 10 percent of the population, India’s rank in the Global Hunger Index 2021 (101 out of 116 countries), and evidence of widespread nutritional deficiency among women needed. Chidambaram said the previous Congress-led government had ushered in a new era of liberalization in 1991.
“The country has achieved huge gains in terms of wealth creation, new businesses and new entrepreneurs, a huge middle class, lakhs of jobs, exports and lifting 27 crore people out of poverty during a period of 10 years,” Chidambaram said.
The Congress MP also called for a comprehensive review of the Centre-state fiscal relationship. “The financial position of the states is as fragile as before. The time has come for a comprehensive review of the Centre-states fiscal relationship,” said Chidambaram.
Consequences of poorly designed and incorrectly implemented GST laws Modi The government in 2017 is for all to see, the Congress leader said.
Chidambaram expressed confidence that “our deliberations over the three days and the decisions to be taken by the Congress Working Committee (CWC) in the coming days and weeks will contribute significantly to the nationwide debate on economic policies that will be best for the country and its people.” serve the interests”.
The Chintan Shivir began on Friday and its findings will be recorded in the form of an announcement. The draft declaration will be discussed in the CWC meeting on the third and last day of the conclave on Sunday.
(with inputs from agencies)
watch Government increasing inflation due to wrong policies: Chidambaram