Chidambaram mocks Narendra Modi for ‘first lesson in economics’

Union Finance Minister P Chidambaram on Saturday took potshots at Bharatiya Janata Party’s prime ministerial candidate Narendra Modi over his remarks allegedly made at an election rally in Rajasthan’s Jodhpur district.

Zee Media Bureau

New Delhi: Union Finance Minister P Chidambaram on Saturday took potshots at Bharatiya Janata Party’s prime ministerial candidate Narendra Modi over his remarks allegedly made at an election rally in Rajasthan’s Jodhpur district.

While addressing a rally in Sardarpura, Jodhpur, Moid had said that the Finance Minister has attributed inflation to buying gold.

Strongly rebutting Modi’s remarks, Chidambaram has sent a letter to the Gujarat Chief Minister, details of which are:

After his lessons in history, Shri Narendra Modi has delivered his first lesson in economics. As reported by the Indian Express, he said at Jodhpur: The Finance Minister attributes inflation to buying gold. I am not as educated as him….but I know inflation is not because of buying gold but due to corruption.

I recall having said on many occasions that buying gold which is almost entirely imported worsens the Current Account Deficit (CAD). I don’t recall saying that buying gold causes inflation. Anyway, all economists may take note of the new lesson.

Modi has been under attack from opponents over his remarks in election speeches which were not in sync with historic facts. Earlier, at a rally in Patna, Modi said that Chandragupta belonged to the Gupta dynasty.

At the same rally, he praised the "might of Bihar" saying that Alexander`s army conquered the world but was defeated by the Biharis. In reality, Alexander’s army neither crossed the Ganga nor was it defeated by Biharis.

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