Govt should heed to advice of economists, increase spending: Congress

Former Finance Minister P. Chidambaram said good advice by distinguished economists and renowned institutions has been rebuffed so far and world-wide experience has been ignored

The Congress on June 1 asked the government to reverse its “disastrous” policies and heed to the advice of economists by printing more money and increase spending and not let another year go waste. Congress leader Rahul Gandhi shared a graph of the rising unemployment rate and said, “PM’s hall of shame — Minimum GDP. Maximum Unemployment.” Congress leader P. Chidambaram said all indicators point that the economy is in dire straits and said going by the performance of the economy in the last four quarters, 2020-21 has been the “darkest year” of the economy in four decades.