‘Whom are you Laughing Upon?”: FM Nirmala Sitharaman Slams KCR for Calling USD 5 Trillion Economy ‘A Joke’

Hyderabad: Hitting back at Telangana Chief Minister K Chandrasekhar Rao’s statement terming Prime Minister Narendra Modi’s ambitious target of reaching $5 trillion economy as a “joke”, Union Finance Minister Nirmala Sitharaman on Thursday said the state’s debt to Rs. has crossed. Rs 60,000 crore to Rs 3 lakh crore in 2014.

“How can you say that the target of 5 trillion economy is a joke? Every state should contribute to it. Who are you laughing at, people? Telangana’s debt was Rs 60,000 crore in 2014, but in the last 7- 8 years It has crossed Rs 3 lakh crore,” he told reporters here in Hyderabad.



KCR had recently termed the government’s dream of a “USD 5 trillion economy” as a “joke” and “idiocy”. He also said that the target should have been much bigger.

In a viral video, KCR was also heard saying that there is nothing good about making the Indian economy USD 5 trillion by 2025 and that a simple “clerk” can calculate it. “What extra effort are you making? Nothing. If you are able to do this, if you have innovative skills, if you are a dynamic government, please do something like Deng Xiaoping’s China in line, in line something KCR said in a video, along with Singapore’s Lee Kuan Yew.

Launching a scathing attack on the Rao-led government, the finance minister also said that after 2014 the money spent by PM Modi in the Upadhi Humi scheme is more than those who brought the scheme. He also hit out at Rao for not having proper data about medical colleges in the state.



“When the Center asked for a list of places to set up medical colleges, the state listed Karimnagar and Khammam, but those places already had medical colleges. Now you are saying that you will not get even one of the 157 medical colleges. Medical college not found. Centre. You don’t have data as to which places have medical colleges in Telangana and you are accusing NDA of not having any data,” she declared.