• Associate Sponsor

BJP govt not providing supportive environment for growth: P Chidambaram

Delivering a public lecture on 'An Emerging Power Engages the World: India and Australia', at the Australia India Institute, P Chidambaram said 'the current environment, is not very supportive to implement major reforms.'

By: PTI | Melbourne | Updated: October 4, 2017 3:21 pm
Former Finance Minister, Congress, P Chidambaram, BJP, Demonetisation, GST, india, indian express Former Finance Minister and Congress leader P Chidambaram. (Source: PTI Photo/File)

Criticising the BJP government for not providing a ‘very supportive’ environment for India’s growth, former finance minister P Chidambaram said demonetisation and the GST have caused a severe setback to the economy which is now becoming visible.

Delivering a public lecture on ‘An Emerging Power Engages the World: India and Australia’, at the Australia India Institute on Tuesday, Chidambaram said “the current environment, unlike 1991 or 2004, is not very supportive to implement major reforms.”

“There are too many distractions, and there has been a few major disruptions,” he said. He alleged that the RSS and BJP have been responsible for the numerous distractions, some of which, he said, are also infractions of the law.

“By questionable actions, and words, or ominous silence, they ignited debates on inter-faith marriages, sale and consumption of beef, cultural norms, dress codes, primacy of Hindi language, nationalism, raising slogans in praise of motherland, uniform civil code and special status of Jammu and Kashmir,” Chidambram said.

He said such debates have only divided the society more and created fear among Dalits, tribals, minority communities, women and youth.

He referred to demonetisation and introduction of GST as two major disruptions, alleging that they caused a severe setback to the economy as a result of which GDP growth rate dipped every quarter during the last five quarters.

“You will not be wrong to draw the conclusion that India’s economic growth faces very strong headwinds. The impact of the political storms that have been started is visible. Economic growth has slowed down,” he told the audience.

Chidambaram said that more than political mobilisation, it was the social mobilisation which was impressive as young men and women in the universities were asserting themselves and raising their voices against what they perceived as injustices.

“Among social groups, the Dalits have become quite vocal. Neglected castes among OBCs are building organisations to take on the governmnet at the time of elections,” he said.

The Congress leader said that the key and trigger point is the rise in unemployment which is fueling the anger among youths.

Stressing on the need to carry out major structural reforms, the former minister said that the Centre is shy of reforming the labour laws originally enacted by Parliament and among the states, the few who were willing to do reforms faced resistance from trade unions.

“The result is that few regular jobs….There is a growing contractualisation and casualisation of labour, especially for the new entrants to the labour force. The same can be said about reforming the markets for land, farm produce and finance,” he said.

However, he said that there was some good work across the country done by numerous individuals like Kailash Satyarthi, Rajendra Singh and organisations like Goonj, Sulabh Sauchalaya and Asha.

Commenting on the growing relations with Australia, Chidambaram said the bilateral ties have risen rapidly in the last decade.

The signing of Civil nuclear cooperation deal in 2014 was a landmark agreement, he said. “I expect Comprehensive Economic Cooperation Agreement that is under discussion will prove to be another landmark.”

“My party, Congress, is a strong supporter of closer economic ties between the two countries,” he said.

For all the latest India News, download Indian Express App

  1. R
    Rajasekaran
    Oct 5, 2017 at 12:12 pm
    For looting, making mega scams environment not suit able. That is what siddhu means!
    (0)(0)
    Reply
    1. S
      srinivasulu
      Oct 5, 2017 at 10:28 am
      Hello my dear brother s and sisters please see who is writing morals. Come on guys the fact is one percent of economy is in the hands of corrupt people so naturally they hold the key. Let us support our BHAGAWAN people centric policies. I have businessman and professional as sons and daughters and the ground reality is only cash business affected. Entire country knows where cash is involved . Jewellers, luxury goods, liquor, real estate etc whether sliding these items will have impact on our actual living?. Never bend to these one percent people which include politicians, bureaucrats etc. Some people are monopolising even supreme Court legal services. GOD save this nation.
      (0)(0)
      Reply
      1. A
        Andy
        Oct 4, 2017 at 8:49 pm
        Very true Sir , NO SUPPORTIVE ENVIRONMENT for corrupt people like your son to do business and loot the treasury . That is over .. Live with the reality.. you will never get ti back .
        (0)(0)
        Reply
        1. S
          srinivasulu
          Oct 5, 2017 at 10:30 am
          Supportive to kill animals and make entire nation sans living creatures?
          (0)(0)
          Reply
        2. A
          Andy
          Oct 4, 2017 at 8:47 pm
          How dare you open your mouth..Father of the corrupt son !! Leader of the most corrupt party in the world Please dont open you mouth. We saw what you did and how you looted the country in the last 8 years of your goverment. Your chance is over. Its Modis' turn . We the people are not fools !! Let Modi do the cleaning up, he is doing things for the nation . He is keeping his promise to fight against corruption.
          (0)(0)
          Reply
          1. R
            rishi
            Oct 4, 2017 at 8:30 pm
            Look WHO is saying....60years under a crooked colonisl-congressi-raj India moved at a snails pace while the rest of the world leaped forward in giant economic strides.....now chiddu can't tolerate the gigantic measures to strengthen the foundations of a strong economy for an evolving New-India that Team-Modi is speedily laying in their first term itself.....wait and see, mr. chidambaram, how the Nation moves forward in the next one or two terms....the current fall in GDP has no bearing on the lives of common citizens .....it matters not if chiddu and gang keep on screaming and misleading using fabricated or misinterpreted economic figures in their obsessive attempt to deflect the Nation's attention from an unprecedented overall good performance of NDA.....
            (0)(0)
            Reply
            1. Load More Comments
            Adda