New Delhi | Jagran News Desk: Former Finance Minister and senior Congress leader P Chidambaram on Tuesday took a dig at the central government and said that ‘we must prepare ourselves for an attack on the International Monetary Fund (IMF)’, after the world body lowered India's economic growth estimate for the current fiscal to 4.8 per cent.

The IMF on Monday lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.

Also Read: IMF cuts global growth forecast by 0.1 per cent, cites India's GDP as 'single biggest drag'

He also alleged that the growth figure of 4.8 per cent given by the International Monetary Fund (IMF) is after some "window dressing" and he won't be surprised if it goes even lower.

"Reality check from the IMF. Growth in 2019-20 will be BELOW 5 per cent at 4.8 per cent," Chidambaram said in a series of tweets.

"Even the 4.8 per cent is after some window dressing. I will not be surprised if it goes even lower," the former finance minister said.

The Congress leader has been a staunch critic of the Narendra Modi government’s economic policies. He had earlier said if unemployment rises and incomes decline, there is a danger of youth and students "exploding in anger"

Also Read: IMF lowers India's growth forecast to 4.8 per cent in 2019, 5.8 per cent in 2020

IMF Chief Economist Gopinath was one of the first to denounce demonetisation, he noted.

"I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath," Chidambaram said in another tweet.

In October, the IMF had pegged India economic growth at 6.1 per cent for 2019. The listing decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts, Gopinath, however, had said the growth momentum should improve next year due to factors like the positive impact of corporate tax rate reduction. 

 

(With ANI Inputs)

Posted By: Talib Khan