New Delhi: With Chief Economic Adviser V Ananth Nageswaran with citing a reference International Monetary Fund forecast that Indian Economy Will cross $5 trillion by 2026-27, says senior Congress leader P Chidambaram Said on Sunday that the $5 trillion GDP target appears to be a case of “moving the goalposts” as the original target year was 2023-24.
Speaking at the prestigious week celebrations of the Ministry of FinanceAzadi ka Amrit Mahotsav‘, Nageswaran said last week that the IMF has projected the Indian economy to cross $5 trillion by 2026-27. India’s Gross Domestic Product (GDP) has already crossed $3 trillion in dollar terms.
Reacting to the remarks, Chidambaram said, “The $5 trillion GDP target appears to be a case of ‘moving the goalposts'”.
The original target year was 2023-24, the former finance minister said, adding, “We are nowhere near that goalpost.”
“Now, the Chief Economic Adviser has said that we will achieve the target ‘by 2027’,” he said.
“I think each of the major players has a different goalpost: PM, FM, FS and CEA. Whenever the economy reaches milestones, one might say we told you so!” Chidambaram said.
Speaking at the prestigious week celebrations of the Ministry of FinanceAzadi ka Amrit Mahotsav‘, Nageswaran said last week that the IMF has projected the Indian economy to cross $5 trillion by 2026-27. India’s Gross Domestic Product (GDP) has already crossed $3 trillion in dollar terms.
Reacting to the remarks, Chidambaram said, “The $5 trillion GDP target appears to be a case of ‘moving the goalposts'”.
The original target year was 2023-24, the former finance minister said, adding, “We are nowhere near that goalpost.”
“Now, the Chief Economic Adviser has said that we will achieve the target ‘by 2027’,” he said.
“I think each of the major players has a different goalpost: PM, FM, FS and CEA. Whenever the economy reaches milestones, one might say we told you so!” Chidambaram said.