Former Prime Minister Manmohan Singh along with former Finance Minster P Chidambaram meet the media at a press conference and comments on the ‘State of Economy’ ahead of the Economic Survey scheduled to be held on January 31. Manmohan Singh said, “Indian economy not in good shape. International Monetary Fund (IMF) says growth will slip to less than 6.6 per cent. ” while Chidambaram said that “The document released candidly, truthfully assesses the state of India’s economy, supported by hard research, data. The government is hiding behind dazzle of GDP number which is being questioned”
When asked about the Vijay Mallya case and the letters that were addressed to the former PM and Finance Minister. Manmohan Singh said, “All the PMs and other ministers in any government receive reports from various captains of industry which is passed on to appropriate authority. What I did was with my full satisfaction that we are not doing anything against law of the land. It was a normal routine transaction and therefore the letter thats being talked about is nothing but an ordinary piece of letter which any Government in my position would have dealt with.”
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Congress also presented six counter question to BJP that included questions about jobs, new capital investment and credit growth. P Chidambaram said, “There are no jobs, capital formation is declining, credit growth is the lowest in several decades. Yet if government presents tomorrow a rosy picture of the economy, people of India are entitled to question that. Every govt must be optimistic, but optimism must stem from a realistic assessment of the situation. The NDA Govt tends to believe exaggerated version of economy, this research document is closer to truth than what Government will say tomorrow.