Youth may explode in anger: Chidambaram on unemployment

Congress leader and former finance minister P Chidambaram this morning hit out at the ruling BJP over "sliding economy" after the government data on Monday showed that consumer inflation in December at 7.35 per cent was worst since July 2014. The "sliding economy is an even greater threat to the country," he said, adding that "there is the danger of youth and students exploding in anger".

December marked the third month in a row in which consumer inflation - or the rate of increase in consumer prices - remained above the Reserve Bank of India's medium-term target of 4 per cent, dashing hopes of further monetary easing at a time when economic growth has fallen to lowest in more than six years.

Attacking the Modi government in a series on tweets, the ex-finance minister wrote: "The circle of incompetent management is complete. Mr Narendra Modi's government started in July 2014 with CPI inflation at 7.39%. In December 2019 it was 7.35% (sic)."