Finance minister of state Anurag Thakur on Wednesday delivered a point-by-point strong rebuttal to senior Congress leader P Chidambaram on his comments on economy, saying that India's growth will rebound on the back of consistent reforms and strong fundamentals. Dear Sh P Chidambaram ji,Is the Indian economy an island in isolation; have other major economies not faced a GDP contraction? France,Germany,Italy,UK contracted by 8.2%,4.9%,8.9% & 9.9%Canada, Russia, South Africa, USA too have seen GDP contraction in the past year. However, the performance was better compared to 8 per cent contraction projected in the Economic Survey 2020-21. Noting that total transfers exceed ₹68,000 crore, Thakur wondered whether these are not "cash in hand".

Source: Mint June 02, 2021 15:26 UTC