The majority have neither the money nor the inclination to buy goods, services, said P Chidambaram (File)
New Delhi:
A day after RBI Governor, SEBI Chief and DEA Secretary spoke on the economy, Congressman P Chidambaram leaned in on them on Thursday, saying he wanted that the economy be a “circus lion” who would answer the baton to the master of the track.
In a series of tweets, P Chidambaram said the economy will not reboot smartly unless the government puts money in the hands of the bottom half of families in India and puts food on the plate. poor.
“Isn’t it fascinating that @DasShaktikanta, SEBI President and DEA Secretary are talking on the same day on the same topic?” said the former finance minister. All three tried to “talk” about the economy, he said.
“I wish the economy was a circus lion responding to the ringmaster’s baton!” Said P Chidambaram.
“The three distinguished men should tell the Minister of Finance, in unison, that the vast majority of the population has neither the money nor the inclination to buy goods and services,” he said declared.
“If you doubt what I’m saying, just listen to the voices of Bihar voters on their existential crisis – no job or not enough job, no income or little income, and their thoughts are on survival, not on spending, “P Chidambaram said, tagging Finance Minister Nirmala Sitharaman and the Finance Ministry.
Reserve Bank Governor Shaktikanta Das said on Wednesday the country was on the brink of economic recovery thanks to accommodating monetary and fiscal policies led by the central bank and the government.
While SEBI Chairman Ajay Tyagi said on Wednesday that there were some positives as well, and called the recovery in broad-based capital markets, Economic Secretary Tarun Bajaj spoke of attracting investment. .
(Except for the title, this story was not edited by GalacticGaming staff and is posted from a syndicated feed.)
