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This story is from January 21, 2020

I won't be surprised if it goes even lower: Chidambaram on IMF's 4.8% GDP growth report

Congress leader P Chidambaram said that following the IMF's dismal outlook of India's economy "we must all prepare for an attack by the govt" on the IMF. He said that the IMF's GDP projection of 4.8 per cent is expected to slide even further. IMF on Monday lowered India's economic growth estimate for the current fiscal to 4.8 per cent.
I won't be surprised if it goes even lower: Chidambaram on IMF's 4.8% GDP growth report
NEW DELHI: Congress leader P Chidambaram on Tuesday said that following the International Monetary Fund's dismal outlook of India's economy "we must all prepare for an attack by the government" on the IMF and its chief economist Gita Gopinath.
In a series of tweets, the former finance minister said that the IMF's GDP projection of 4.8 per cent is expected to slide even further.
"Even the 4.8 per cent is after some window dressing.
I will not be surprised if it goes even lower," he tweeted.

Chidambaram's tweet came after the IMF on Monday lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.
In October, the IMF had pegged India economic growth at 6.1 per cent for 2019.
Responding to the IMF's report, Chidambaram wrote that 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," he added.
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