'Old Slogans and Old Cliches': India's Ex-Finance Minister Slams Gov't Approach to Economic Slide

New Delhi (Sputnik): The Indian economy's growth rate witnessed a six-year low in the second quarter (July-September) of 2019; the Reserve Bank of India has cut the year's growth projection to 5 percent from the 6.1 percent projected in October 2019.

Former Indian Finance Minister P. Chidambaram slammed the Narendra Modi government on Friday over the dwindling condition of the Indian economy.

In a series of tweets, he described the government as clueless, as he said was reflected in the Presidential Address before the parliament on Friday, which was to became the first policy statement of the government in the New Year.

"I looked for indications on how the government intended to tackle the grave economic slide. Alas, I found none. All that we heard was the tiresome repetition of old slogans and old cliches that have lost all meaning in the last few years," P. Chidambaram, who presented nine national budgets to the country during his tenure as finance minister, tweeted soon after a presidential speech was delivered in India's parliament on Friday.