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Inflation, falling IP, declining rupee in NDA rule: Chidambaram

New Delhi: April 13: A month ahead of the BJP-led NDA government completing seven years, the Congress has attacked the government over economic issues, which it says are looming in the country. Former Finance Minister, P. Chidambaram crticising the government said in a statement, “What a way to end the 7th year of the Modi-led NDA government: surging inflation, falling industrial output, declining rupee and plunging stock market”. “Add crushing taxes, growing unemployment and more people pushed into poverty and debt. This is the result of five years of colossal mismanagement starting with demonetisation in November 2016,” he added. The Former Finance Minister alleged that since demonetisation every step of the government has been wrong and it will not accept that its policies and decisions have been hopelessly wrong. He said, “Mr Modi’s fault is that he will not tolerate criticism or heed well-meaning advice of distinguished economists.”

Manufacturing slump contracts industrial output by 3 6%

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