God save India’s economy, says Chidambaram

God save India’s economy, says Chidambaram


The Congress leader, Mr. P Chidambaram, took a swipe at 'the BJP's ideas of reform' on Tuesday morning, a day after the BJP MP, Mr. Nishikant Dubey told the Lok Sabha 'in future the GDP will not be of much use as an economic indicator'.

In his tweet Mr. Chidambaram, a former Finance Minister, appeared unimpressed by some of the Centre's proposed economic reforms - such as an increase in import duties and reduction in personal tax - and said: 'God save India's economy'.

On Monday, three days after government data showed the gross domestic product (GDP) had slowed to 4.5 per cent in the July-September period, Mr. Dubey said in Parliament that the GDP would soon stop being relevant. Mr Dubey claimed that because the economic indicator had not existed before 1934 it was not an 'ultimate truth'.

In an indirect reference to Mr Dubey's statement, Mr Chidambaram, now Delhi's Tihar Jail over his alleged role in the INX Media, tweeted: 'GDP numbers are irrelevant, personal tax will be cut, import duties will be increased. These are BJP's ideas of reforms. God save India's economy'.