The senior Congress leader P Chidambaram on Friday criticised the government over the state of the Indian economy, asking if it was in the pink of health after high fiscal deficit, inflation and the depreciating value of the rupee.
He questioned the government for backsliding on the fiscal deficit target for the current year.
The government is backsliding within a few months of setting the FD target at 6.4 percent for 2022 -- 23. The finance minister said on Twitter that the government is saying it will try to keep the FD at 6.7 percent, the same as in 2021 - 22.
High FD, high inflation, huge FPI outflows, depreciating rupee, depletion of forex reserves - what do they point to? Is the Indian economy in the pink of health?
The Congress party and its leaders have been questioning the government's economic policies and accusing the BJP dispensation of mismanaging the country's economy.