© hindustantimes.comRBI should bluntly tell govt to take fiscal measures: Chidambaram
New Delhi, May 23: Former Finance Minister and Senior Congress leader P Chidambaram advised Reserve Bank of India (RBI) Governor Shaktikanta Das to "bluntly tell the government to do its duty and take fiscal measures" to decrease the national economy struggle due to coronavirus and its lockdown.
Taking to Twitter, Chidambaram said, "Governor @DasShaktikanta says demand has collapsed, growth in 2020-21 headed toward negative territory. Why is he then infusing more liquidity? He should bluntly tell the government Do your duty, take fiscal measures."
On Friday, the RBI Governor admitted that growth will be in "negative territory" this year, the first time anyone in the government or the central bank has admitted that India's gross domestic product (GDP) will shrink this year.