Former Finance Minister P. Chidambaram on Monday said the provisional estimates for the first quarter of April to June didn’t come as a surprise as the Narendra Modi government ‘did nothing’ to stop the slide.
Most parts of the first quarter had seen a freeze in the economic activity under lockdown beginning March 25 because of the pandemic.
“The GDP reduces by 24%. The worst in independent India’s history. Unfortunately, the Govt ignored the warnings,” former Congress chief Rahul Gandhi said in a separate tweet and tagged his own video of March 17 in which he predicted “an economic tsunami and large scale devastation”.
“The estimates do not come as a surprise to us. They should be a matter of surprise to the government that was seeing ‘green shoots’ on several days during the first quarter. They should also be a matter of shame to the government that did nothing