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'Economy not circus lion that responds to ringmaster's stick'

Chidambaram also said that RBI Governor, SEBI Chairman and the DEA Secretary should tell the FM, in unison, that the vast majority of the people do not have the money or the inclination to buy goods and services

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P. Chidambaram

P. Chidambaram

Former Finance Minister P. Chidambaram on Thursday criticised the Centre for its claims on reviving the economy. He said the economy was largely determined by the market, by the laws of demand and supply, and by the purchasing power and the sentiments of the people, which are missing currently.

"Unless the government puts money in the hands of the bottom half of the families and puts food on the plates of the poor, the economy will not revive smartly," he added.

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