Attack on IMF, Gita Gopinath imminent, says Chidambaram

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New Delhi: Senior Congress leader P Chidambaram has said the attack on International Monetary Fund (IMF) and its Chief Economist Gita Gopinath is imminent.

The former finance minister said on Tuesday that the present dispensation is not taking IMF’s downward revision of the growth of Indian economy lightly.

Chidambaram tweeted: “IMF Chief Economist Gita Gopinath was one of the first to denounce demonetisation. I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath”.

Worthwhile to mention here that the IMF on Monday slashed India’s growth forecast to 4.8 per cent, a cut of 1.3 per cent in just three months.

In its World Economic Outlook released in Davos, Switzerland, the IMF has said: “Domestic demand has slowed more sharply than expected amid stress in the nonbank financial sector and a decline in credit growth.”

Chidambaram has frequently taken on the government for its handling of the economy which is currently going through recession.

 

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