Chapter 2 of the Economic Survey can be summarised in three words: “Borrow and Spend” — when faced with a slowing economy: P Chidambaram.

P Chidambaram – Former Union Finance Minister:

Chapter 2 of the Economic Survey is a tutorial designed for the current Finance Minister.

All the gobbledygook of Chapter 2 can be summarised in three words: “Borrow and Spend” — when faced with a slowing economy.

The CEA has rebuked the government for pursuing a tight-fisted fiscal policy.

Who is right – the FM or the CEA?

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