India’s $5 trillion economy target to be achieved by 2026; Chidambaram’s thinking is very wrong: Union Minister Rajiv Chandrashekhar

Author: Nishu June 13, 2022

 India's $5 trillion economy target to be achieved by 2026;  Chidambaram's thinking is very wrong: Union Minister Rajiv Chandrashekhar

Mr Chidambaram had said that “the $5 trillion GDP target appears to be a case of ‘moving the goalposts'”.

Mr Chidambaram had said that “the $5 trillion GDP target appears to be a case of ‘moving the goalposts'”.

Union minister Rajiv Chandrasekhar on Sunday termed senior Congress leader P. Chidambaram’s statement as “very wrong” that the $5 trillion GDP target appears to be a case of “shifting the goalposts” as the original target year is 2023-24. was.

Speaking to reporters in Pune, the Minister of State for Electronics and Information Technology and Skill Development and Entrepreneurship said that India has become a $3 trillion economy and will become a $5 trillion economy by 2026.

Responding to Chief Economic Adviser V. Anantha Nageswaran’s remarks that the IMF has projected the Indian economy to cross $5 trillion by 2026-27, Mr Chidambaram had said that the “target of USD 5 trillion” was set by the Goalpost. Appears to be a case of shifting to.'”.

“(Mr) Chidambaram may suggest that we follow the American economic model. Whatever he will say and what he has said is his personal view which is a very wrong idea. He was wrong before and has been wrong consistently. A phrase for (such) people who were caught with their hands in cookie jars,” said Mr. Chandrashekhar.

He said that the target of becoming a $5 trillion economy by 2026 can be achieved.

“We had set this target before the start of the coronavirus pandemic. Now we have become a $3 trillion economy. By 2026, we will become a $5 trillion economy. A critical component of India as an exporting nation and a digital producer COVID is growth. Post-COVID opportunities, with similar momentum, the $5 to 10 trillion dollar dream can come true,” the minister said.

Asked about the Congress’ plan against the summons issued by the ED to Congress President Sonia Gandhi and her MP son Rahul Gandhi, he said there was a need to bring in a “mob” when the law was taking its course.

“It is an intimidation tactic (adopted by Congress). If you are not afraid of the process of law then why this new politics? Do they want to pressurize the law to intimidate? The most sensible thing to do is That bring a good lawyer and sit with the ED. Law is same for all,” Mr. Chandrashekhar said.

13 June, 2022, 2:32 am

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