Nix doomsday forecasts, Anurag Thakur tells Chidambaram
The Hindu
Economy will rebound in times ahead, claims Union Minister of State for Finance.
Taking on former Union Finance Minister P. Chidambaram for his criticism of the state of the economy, Minister of State for Finance Anurag Thakur said that it was resilient and would rebound in the times ahead. He cited international agencies’ projections of India as the only ‘major economy’ expected to record a double digit growth in 2021-22. “Is the Indian economy an island in isolation; have other major economies not faced a GDP contraction? Are you not aware that France, Germany, Italy and the U.K. contracted by 8.2%, 4.9%, 8.9% and 9.9% respectively. Canada, Russia, South Africa and the U.S. too have seen contraction in their GDP in the past year,” he stated, referring to the 7.3% contraction in GDP in 2020-21.
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