Corruption and black money have thrived after demonetisation: Chidambaram

“The average for the 10-year period is 7.5 per cent. India is among the fastest growing large economies in the world. But through 2016-17, you made a series of mistakes, capped by the most terrible mistake”, he said pointing at demonetisation.

He also asked why was the government shying away from giving a GDP number even while giving an estimate.

Terming the budget as a “great disappointment”, he estimated that 2016-17 will see a hit on GDP by 1-1.5 per cent and “if very unlucky”, then even 2 per cent and warned that this trend will spill over into 2017-18 also.

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(Sourced from agencies, feature image courtesy: oneindia.com)