New Delhi, Feb 22 IANS | 8 months ago

Finance Minister P. Chidambaram defended UPA's record on the economic front, saying it delivered India's highest growth rate in any five-year period.

Chidambaram was fielding questions from students, economists and professionals on Headlines Today's Right to be Heard Townhall debate.

"UPA has delivered the highest growth rate in any period of 5 years since independence. That is a fact you can't rubbish or forget. And despite an international economic crisis, a fragile global economy, we are delivering in the second period of 5 years 6.6 percent which is higher than the trend rate of 6.2 percent which India saw in last 33 years," he said.

Chidambaram added that Gujarat isn't the top notch state when it comes to attracting investments. "Data shows Maharashtra, Haryana, NCT of Delhi, Tamil Nadu, Karnataka and Odisha attracted most investment," he said.

Keeping up his attack on Modi, Chidambaram questioned his claim that India can grow at 10 percent in current scenario.

"Of course, he says that, but without understanding the current macro-economic situation. Even China doesn't do 10 percent today. Every country is struggling to keep its head above the water. There are only half a dozen countries that are growing at over 5 percent," the finance minister said, replying to a question on Modi's claims.

He also defended his remark in which he had questioned the economic understanding of the BJP's prime ministerial candidate. He said that since Modi hasn't spoken on key economic issues concerning the economy, it is difficult to gauge his understanding.

"Modi doesn't speak to the media, he doesn't answer questions, he hasn't spelled out his views on fiscal deficit, current account deficit, monetary policy, on GST, on DTC. These are burning issues concerning the economy," Chidambaram added, implying that Modi must make public his views on these issues.

(Posted on 22-02-2014)

Share This Page:

Post your comments

Information on States of India:

Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal


Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |


Alappuzha | Ernakulam | Idukki | Kannur | Kasaragod | Kollam | Kottayam | Kozhikode | Malappuram | Palakkad | Pathanamthitta | Thiruvananthapuram | Thrissur | Wayanad |


Airports of India | Districts of India | India Pilgrim Centers | Tourism Map of India | National Highways in India | India Railway Routes |


Ahmadabad | Bangalore | Chennai | Coimbatore | Delhi | Hyderabad/Secunderabad | Kochi | Kolkata | Mumbai | Pondicherry | Pune | Surat |