Finance minister P. Chidambaram on Monday joined political battle with former finance minister and Bharatiya Janata Party (BJP) leader Yashwant Sinha over the economic legacy of the Congress party-led United Progressive Alliance (UPA).
The vitriolic exchange between the two politicians is a signal of the increasing focus on UPA’s economic achievements or, as Sinha claimed on Sunday, the lack of any. The state of the economy, particularly the slowdown in economic growth, persistent double-digit inflation and insufficient jobs, has become part of the electoral rhetoric of the opposition parties, particularly the BJP.
Setting the tone for the debate, Sinha questioned the fiscal consolidation that Chidambaram claimed to have achieved in the vote on account presented to Parliament on 17 February, even as he stressed on the inability of UPA to create sufficient jobs. Read more