Only an Ostrich would deny V shaped economy, Anurag Thakur

Minister of state for Finance Anurag Thakur has cricised former minister and Congress leader P. Chidambram;s claim that not much progress has been made on the issue of cash transfers. Thakur asked whether all other major economies of the world remained insulated from the impact of the pandemic. "Is the Indian economy an island in isolation; have other major economies not faced a GDP contraction? Are you not aware that France, Germany, Italy, UK contracted by 8.2%, 4.9%, 8.9% and 9.9% respectively? Canada, Russia, South Africa, USA too have seen a contraction in their GDP in the past year. Despite the disruptions in the globalised world, India has remained resilient," he said. Thakur said the Congress misled the farmers on the issue of agri laws and engaged in protests. " Today the farmers are happy and have differentiated the truth from the false narrative of congress leaders," he said. Thakur on Wednesday issued a statement and said he is not surprised that the former Congress leader chose to "ignore hard data and went ahead with whataboutery". "Consistent reforms and strong fundamentals have ensured India had a swift rebound from a contraction of 24.4 % in the 1st quarter of FY 2020-21 to a growth of 1.6 per cent in the 4th quarter of FY 2020-21," Thakur said.

Only an Ostrich would deny this graph is V shaped. pic.twitter.com/2njNojUsGk

— Anurag Thakur (@ianuragthakur) June 2, 2021

Chidambaram on Tuesday said most Indians are poorer than they were two years ago and for this, the government must admit its "errors of commission and omission, reverse its policies and heed the advice of economists and the opposition".