Chidambaram attacks PM Modi over 'floundering state of economy', says govt is 'clueless'

In a first press conference after his release from the Tihar jail, former finance minister P. Chidambaram on Thursday ripped into the government on the state of the economy and said the problem lies in the government's assumption that problems faced by the economy are cyclical. "Prime Minister has been unusually silent on the economy. He has left it to his ministers to indulge in bluff and bluster. The net result, as the Economist put it, is that the government has turned out to be an ‘incompetent manager’ of the economy."

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