Threat of economic slowdown in India ‘real’

Dhaka,  Thu,  17 August 2017
Published : 12 Aug 2017, 17:11:43 | Updated : 12 Aug 2017, 17:12:13
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Threat of economic slowdown in India ‘real’

Former Finance Minister of India P. Chidambaram said Saturday the economic slowdown in the country is real as stated by government’s Chief Economic Adviser, Arvind Subramanian. 

He asked whether Prime Minister Narendra Modi and Finance Minister Arun Jaitley believed him (adviser).

“Economic slowdown is real. CEA says so. Will PM and FM believe him,” Chidambaram asked in a tweet, according to an IANS report carried in The Statesman.

“The CEA speaks truth to power cautiously. Don’t shoot the messenger,” he added.

Chidambaram was reacting to the Economic Survey-II 2016-17 which predicts that the economy may not be able to clock the growth rate of 7.5 per cent targeted in the pre-budget survey and that it was facing deflationary pressures.
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