Former Fin Min Chidambaram says Economic Survey 2019 is a pessimistic approach

The former Finance Minister said the findings of the Economic Survey 2018-19 were neither positive nor encouraging. Former Finance Minister P. Chidambaram said the Economic Survey tabled in Parliament on Thursday was ‘pessimistic’ and didn’t have any sector-wise growth projections. Mr. Chidambaram, in a statement, said the volume 02 of the Economic Survey did flag issues such as slowing growth, falling revenues and rising oil prices that were ‘neither positive nor encouraging.’ “It appears to me that the government, speaking through the Economic Survey, is pessimistic about the economy,” he said. Mr. Chidambaram said chapter 02 of Volume 2 of the survey came closest in terms of describing the Outlook for 2019-20. “The Economic Survey only reflects part of the deepening economic uncertainties and mismanagement inflicted by the BJP on India,” said Congress Spokes person Mr. Randeep Surjewala. India’s economic growth, according to the survey, is expected to register 7% this year from a five year low. But the document has talked about shifting gears if it wants to become a five trillion dollar (US) economy in the next five years.

Former Fin Min Chidambaram says Economic Survey 2019 is a pessimistic approach