We must prepare ourselves for government attack on IMF, Gita Gopinath: P Chidambaram
New Delhi/IBNS: After the International Monetary Fund (IMF) slashed India's economic growth for 2019-2020 to below five per cent, former Union Finance Minister P Chidambaram on Tuesday said an attack on IMF and its chief economic adviser Gita Gopinath by the ruling dispensation was imminent.
The IMF on Monday put up a revised India's Gross Domestic Product (GDP) at 4.8% for 2019-2020.
Taunting the Centre, Chidambaram, a senior Congress leader and Rajya Sabha MP, tweeted, "IMF Chief Economist Gita Gopinath was one of the first to denounce demonetisation. I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath."
IMF Chief Economist Gita Gopinath was one of the first to denounce demonetisation.— P. Chidambaram (@PChidambaram_IN) January 21, 2020
I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath.
The IMF in its World Economic Outlook in Davos said the domestic demand in India reduced "more sharply than expected" apart from the stress in "non-bank financial sector" and a "decline in credit growth".
In an interview with NDTV, Gopinath has said India needs to encourage investment while speaking about Union Commerce and Industry Minister Piyush Goyal's comment on Amazon CEO Jeff Bezos.
Goyal had said Bezos had done "no great favours" by investing in India.
Also Gopinath said the slowdown in the Indian economy is expected to have an impact on the growth of the world economy.
Chidambaram, who is very vocal against the Hindu nationalist Bharatiya Janata Party (BJP) government at the Centre of late, had earlier stated the government was "clueless" about the problems in the financial sector.
(Image Credit: Congress Twitter)