Goal of $5 trn GDP appears to be case of 'shifting goalposts': Chidambaram

The original target year was 2023-24, the former finance minister said, adding that, "We are nowhere near that goalpost"

chidambaram
chidambaram
Press Trust of India New Delhi
1 min read Last Updated : Jun 12 2022 | 11:37 AM IST

With Chief Economic Advisor V Anantha Nageswaran citing the IMF forecast that the Indian economy would cross USD 5 trillion by 2026-27, senior Congress leader P Chidambaram on Sunday said the goal of a USD 5 trillion GDP appears to be a case of "shifting goalposts" as the original target year was 2023-24.

Speaking at the finance ministry's iconic week celebrations of 'Azadi ka Amrit Mahotsav', Nageswaran had said last week that IMF has forecast the Indian economy to cross USD 5 trillion by 2026-27. India's Gross domestic product (GDP) in dollar terms has already crossed USD 3 trillion.

Reacting to the remarks, Chidambaram said the "goal of a USD 5 trillion GDP appears to be a case of 'shifting goalposts'".

The original target year was 2023-24, the former finance minister said, adding that, "We are nowhere near that goalpost."

"Now, the Chief Economic Adviser has said we will achieve the goal 'by 2027'," he said.

"I think each one of the key players has a different goalpost: PM, FM, FS and CEA. Whenever the Economy reaches the milestone, one can say 'We told you so'!" Chidambaram said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :GDP forecastGDPP Chidambaram

First Published: Jun 12 2022 | 11:37 AM IST

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