Monday, Jul 13, 2020 | Last Update : 09:15 PM IST

111th Day Of Lockdown

Maharashtra25442714032510289 Tamil Nadu138470895321966 Delhi112494899683371 Gujarat41906291982046 Karnataka3884315411686 Uttar Pradesh3647623334934 Telangana3467122482356 West Bengal3001318581932 Andhra Pradesh2916815412328 Rajasthan2439218103510 Haryana2124015983301 Madhya Pradesh1763212876653 Assam168071089541 Bihar1630511953125 Odisha13737875091 Jammu and Kashmir105135979179 Kerala7874409532 Punjab78215392199 Chhatisgarh4081315319 Jharkhand3760230831 Uttarakhand3537278647 Goa2453120714 Tripura206714212 Manipur16098960 Puducherry141873918 Himachal Pradesh121391610 Nagaland8453270 Chandigarh5594178 Arunachal Pradesh3601382 Meghalaya295452 Mizoram2311500 Sikkim164810
  Metros   Kolkata  24 Mar 2019  Swamy says PM, Arun Jaitley have no idea of economics

Swamy says PM, Arun Jaitley have no idea of economics

THE ASIAN AGE.
Published : Mar 24, 2019, 2:38 am IST
Updated : Mar 24, 2019, 2:38 am IST

Dr Swamy’s attack on the PM and Mr Jaitley is bound to cause a major embarrassment to the BJP ahead of the Lok Sabha elections.

Subramanian Swamy (Photo: PTI)
 Subramanian Swamy (Photo: PTI)

Kolkata: Slamming Prime Minister Narendra Modi and his heavyweight cabinet colleague Arun Jaitley, outspoken BJP Rajya Sabha MP Subramanian Swamy on Saturday claimed that they do not understand economics. He argued that both often term India as the fifth largest economy while it is the third largest after the US and China according to scientifically acceptable procedures for the GDP calculation. Dr Swamy’s attack on the PM and Mr Jaitley is bound to cause a major embarrassment to the BJP ahead of the Lok Sabha elections.

“I fail to understand why our PM continues to say India is the fifth largest economy. It is  because he does not have any knowledge of economics. The finance minister also does not know economics,” the BJP leader in his address at the Annual Calcutta Dialogue — Engaging People Republic of China: The View from Eastern India organised by the Indian Chamber of Commerce and Centre for East and North East Regional Studies, Kolkata. Dr Swamy underlined that India is the third largest economy in the world on the purchase power parity which is the right formula to calculate the size of a country’s economy. According to him, India and China were respectively the first and second most prosperous countries once in the world before the colonial forces invasions.

Tags: prime minister narendra modi, arun jaitley, subramanian swamy