Taking on former Union Finance Minister P. Chidambaram for his criticism of the state of the economy, Minister of State for Finance Anurag Thakur said that it was resilient and would rebound in the times ahead. He cited international agencies’ projections of India as the only ‘major economy’ expected to record a double digit growth in 2021-22. Mr. Thakur urged Mr. Chidambaram to ‘shift gears from his gloom and doomsday prediction’. He asked Mr. Chidambaram how many bank accounts were opened for the poor under the UPA (United Progressive Alliance) rule. Mr. Thakur argued that the UPA government gave out bad loans during Mr. Chidambaram’s tenure in the Finance Ministry.

Source: The Hindu June 02, 2021 14:52 UTC