Indian Economy Like a Car on Three Flat Tyres: Chidambaram

Chidambaram also criticised the government for introducing a “five-slab” Goods and Services Tax (GST) regime.

Indian economy has become like a car whose three tyres are punctured, former finance minister P Chidambaram said on Sunday, 3 June, in Thane as he attacked the Narendra Modi government on rising petroleum prices and other issues.

"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," the senior Congress leader said at an event organised by the Maharashtra Congress unit.

Government expenditure is on only in healthcare and in some other amenities, he said.