Indian economy is a like a car whose 3 tyres are punctured and unable to move forward said Chidambaram the senior Congress leader.
“Private investment, private consumption, exports and government expenditures are four growth engines of an economy. It’s like four tyres of a car. If one or two tyres are punctured, it will slow down but in our case, three tyres are punctured,” Government expenditure is on only in healthcare and in some other amenities, the former Finance Minister said.
“To keep this expenditure going on, the government has continued taxing petrol, diesel and even LPG. It is squeezing money from people in such taxes and spending some of it on public amenities,” Chidambaram said.
“Post-demonstration this government has introduced GST with five tax slabs with a cess over it. In other countries, GST is just one tax system but we can have two types of taxation in India. Still, having five slabs is not what we had imagined about GST,” he said.
The BJP-led government has suddenly given a message to certain communities that they are second-rank citizens of this country. There is a lot of unrest over food habits, social behaviour, active anti-Romeo squads in the country,” he said.
That is the reason people are voting against the BJP he explained. The Modi government may not survive for long he opined.