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?