There is a plan behind $5 trillion economy: Nirmala Sitharaman

TIL Desk/Business/New Delhi/ Finance Minister Nirmala Sitharaman has said that the Budget 2019 would boost investments without compromising on fiscal consolidation roadmap and hit out at former Finance Minister P Chidambaram for his jibe at the government’s call for making India a five trillion dollar economy.

Replying to a general discussion on the Budget in the Rajya Sabha, she also said the big picture presented in the Budget was backed with a plan and comprehensive steps have been envisaged for the next 10 years. She said every estimate projection that has been given is realistic. “When we say we have a vision for India, it’s not without a plan. And the plan is to increase investment coming into the country,” she said.

She said the target of the government to make India a USD 5 trillion economy was not “without a plan” and hit out at Chidambaram, who was not present in the house, for calling it “simple arithmetic” and “magic of compounding”. “Is that why during UPA, no attention was given to the economy but scandals were going on.

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