Chidambaram refusal to contest election is a blunt admission of his role in economic debacle of India

Chidambaram refusal to contest election is  blunt admission of his role in economic debacle of India

BJP leader and former Finance Minister Yashwant Sinha war of words over P Chidambaram has cited the dismal state of the economy as the reason for not contesting this year's general election by Chidambaram.

Yashwant Sinha was justified in blaming,"Not contesting polls is Chidambaram's no-trust against himself". But the bigger embarrassment lies with P Chidambaram due to his inability in offering a satisfactory reply to latest salvo list of 18 questions posted to him by Yashwant Sinha.

Mr Chidambaram had derided as "puerile" , this list of 18 questions posted to him by the BJP leader and described him as a "distant memory', and tried in vain to defend his decision not to contest this year's election by saying, "I have categorically denied I am retiring from politics. I am not contesting elections because I want to do other things in life." ( INDIA HONEST regrets , why this thought did not stuck Cidambarm four years back.)

The Finance Minister took umbrage at Mr Sinha calling him a "spoiler" for the economy and had unleashed an "economic fact sheet" to defend his government's economic policies and switching fast gear to changing the topic by launching a fierce attack on the BJP's prime ministerial candidate Narendra Modi.

Chidambaram said,"Modi has deep character flaws",one most repeated gimmick used by his party by alleging that the BJP candidate is a divisive leader who fuels communal tension.This of course is a nasty tactics by a finance minster to avoid answering economic debacle of UPA2.

Chidambaram lost his wit merged with his cool on Modi, who as a Chief Minister of Gujarat, is often credited with overseeing twelve years of Gujarat's fastest growth, when he said, "His brand of capitalism is crony capitalism," .

INDIA HONEST hoped , it would have been better if the Harvard-trained finance minister Chidambaram along with Congress' economist Prime Minister, had sensed the consequence of the economic malaise at least four years earlier and opted to resign then, India would have been saved from this worst economic peril , not seen in last three decades.

Chidambaram Assured People of Bright Tomorrow After Next Election

Indian Finance Minister Mr. P Chidambaram claimed today that India continued to be the second fastest growing economy in the world after China. He assured people should not be worried about the current slow down and expressed hope of achieving six per cent growth this fiscal as he observed that even China's growth which was at ten per cent has come down to seven per cent now, while our growth has slid to five per cent from nine per cent.

He said,"Economic slowdown is there in all the countries. When there is slow growth rate in the world, India cannot remain unaffected,". He added that even European countries had been affected by the economic slow down and many countries including Mexico, Brazil were behind India, but expressed hope that the country's growth would touch six per cent this year and hoped for bright tomorrow, and asked not worry about the slow down.

This resembles the idea of seeing the most dismal situation in positive frame of mind, that is seeing the half glass of milk as half filled not as half empty. The country which has started its growth history very late and was reasonably hopeful of achieving growth in double digit for another several decades to reach nearer to the developed many with the big criteria of "inclusive growth to a sizable mass of society". But it is sad story of half empty and this empty part belongs to the vast majority of common population and those are the most deprived billion of Indian population. To add  salt on their woes, goes on the shameless drama of musical chairs where the politicians and economists together calling shots by offering meals at Rs.5 or at Rs. 12 or at Rs.28 to 33 a day to survive with dignity or to save themselves from being called cruelly BPL family, all this  65 years after independence.