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Aim of $5 trillion GDP seems to be case of ‘shifting goalposts’: Chidambaram | India Information


NEW DELHI: With Chief Financial Advisor V Anantha Nageswaran citing the IMF forecast that the Indian economic system would cross $5 trillion by 2026-27, senior Congress chief P Chidambaram on Sunday stated the purpose of a $5 trillion GDP seems to be a case of “shifting goalposts” as the unique goal yr was 2023-24.
Talking on the finance ministry’s iconic week celebrations of ‘Azadi ka Amrit Mahotsav‘, Nageswaran had stated final week that IMF has forecast the Indian economic system to cross $5 trillion by 2026-27. India’s Gross home product (GDP) in greenback phrases has already crossed $3 trillion.
Reacting to the remarks, Chidambaram stated the “purpose of a $5 trillion GDP seems to be a case of ‘shifting goalposts'”.
The unique goal yr was 2023-24, the previous finance minister stated, including that, “We’re nowhere close to that goalpost.”
“Now, the Chief Financial Adviser has stated we’ll obtain the purpose ‘by 2027’,” he stated.
“I believe every one of many key gamers has a special goalpost: PM, FM, FS and CEA. Every time the economic system reaches the milestone, one can say ‘We instructed you so’!” Chidambaram stated.





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