P Chidambaram – Former Union Finance Minister:
Now, the RBI too has come out with the demand that the government provide more fiscal stimulus.
The RBI has belatedly added its voice to the unanimous demand by over a dozen world-renowned economists
The government’s stimulus so far adds up to a pathetic 2 per cent of GDP or even less.
Only the PM and the FM believe that their package amounts to 20 per cent of GDP!
The economy will limp and the poor will suffer as long as the PM and the FM believe in their own myth-making
What is the FM’s response to the RBI’s research paper?
Silence as usual?