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chidambaram: Cong Chintan Shivir day 2: Chidambaram says govt fuelling inflation with wrong policies, suggests a reset | India News


NEW DELHI: Expressing “extreme concern” over the state of Indian economy, former finance minister and senior Congress leader P Chidambaram on Saturday said that inflation has risen to unacceptable levels and suggested a reset of economic policies.
Addressing a press conference on day two of Congress’s Chintan Shivir, Chidambaram alleged the government was fuelling inflation with its wrong policies. “The state of Indian economy is cause of extreme concern. A slower rate of growth has been the hallmark of the present government in the last eight years, and the post-pandemic recovery has been indifferent and halting. Inflation has risen to unacceptable levels while the government is fuelling the rise with its wrong policies,” the Congress MP said, adding external situation has added to pressures on the economy.
Chidambaram, who heads the panel on economy constituted by Congress president Sonia Gandhi to lead discussions at the ongoing three-day Chintan Shivir in Rajasthan’s Udaipur, also suggested contemplation on a reset of economic policies.
“The government appears clueless on ways to deal with these developments. Taking into account global and domestic developments, it may be necessary to contemplate a reset of economic policies,” said Chidambaram.
The Congress MP also called for a comprehensive review of Centre-states fiscal relations. “States’ fiscal position is fragile like never before. Time is ripe for comprehensive review of Centre-states fiscal relations,” said Chidambaram.
The consequences of the poorly-drafted and unfairly-implemented GST laws brought in by the Modi government in 2017 are there for everyone to see, the Congress leader added.
(With inputs from agencies)





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