Former Prime Minister Manmohan Singh and Ex-Finance Minister P Chidambaram addresses media in New Delhi on Monday.
Manmohan Singh said that Indian economy is not in good shape. He added that as per International Monetary Fund, growth will slip to less than 6.6 per cent.
Here are the live updates from the press conference:
# BJP is hiding behind a GDP number which is being challenged. People aren't dazzled by it, but are asking where are the jobs?: P Chidambaram
# NDA Govt tends to believe exaggerated version of economy, this research document is closer to truth than what government will say tommorow: P Chidambaram
# Every government must be optimistic, but optimism must stem from a realistic assessment of the situation, says P Chidambaram
# Yet if government presents tomorrow a rosy picture of the economy, people of India are entitled to question that: P Chidambaram
# There are no jobs, capital formation is declining, credit growth is the lowest in several decades, says P Chidambaram
# Where are the jobs?Where is new capital investment? Where is credit growth?: P Chidambaram, Former Finance Minister
# The document released candidly, truthfully assesses the state of India's economy, supported by hard research, data: P Chidambaram
# IMF says growth will slip to less than 6.6 per cent: Former Prime Minister Manmohan Singh
# Indian economy not in good shape, says Former Prime Minister Manmohan Singh