Subramanian Swamy Tweets on US Report Regarding India's Growth

New Delhi: BJP lawmaker Subramanian Swamy today tweeted about a US State Department report suggesting India's growth rate is over-estimated.

He also took note of economist noble laureate Joseph Stiglitz comments yesterday that Indian policymakers should focus on growing India's economy rapidly rather than "getting overly obsessed about inflation".

Mr. Swamy criticised journalists in Delhi for being "silent" about those two observations.

"Lutyen journos silent on US State Dept stating growth rate over-estimated and Stiglitz says growth more important than controlling inflation," Mr. Swamy tweeted.

Mr. Stiglitz, an eminent economist, at a media interaction yesterday opined that excessive focus on inflation could hurt growth leading to unemployment and inequality.

The US State Department in a report yesterday said that India's 7.5 per cent growth rate may be "overstated".

"Ostensibly, India is one of the fastest growing countries in the world, but this depressed investor sentiment suggests the approximately 7.5 percent growth rate may be overstated," the report said.

Congress Seeks Protection for Cadres, Submits Petition to Coimbatore Police Commissioner

Following the alleged attack on Congress functionaries during a protest in Mayiladuthurai, Youth Congress leaders in Coi...

Thanthai Periyar Dravidar Kazhagam Stages Protest Against PM Shri Scheme Near Coimbatore Collector Office

Thanthai Periyar Dravidar Kazhagam members staged a protest near the Coimbatore District Collector's office against the...

Stalin Praises Loyal Allies in Emotional Message, Wishes New Government Success

DMK president M. K. Stalin thanked alliance leaders who stood firmly with the party during the post-election political u...

VCK Support Finally Clears Path for Vijay to Become Tamil Nadu CM

From fluctuating support numbers and delayed oath-taking speculation to resort politics, Governor meetings and last-minu...

Daring Theft Caught on CCTV: Youth Steals Rs 3,500 from Chicken Shop Cash Box in Coimbatore

A young man stole Rs 3,500 from a chicken shop's cash box in Kovilpaalayam, Coimbatore, while the owner was busy outside...

Vehicles Without E-Pass Denied Entry to Valparai

Forest Department enforces strict e-pass requirement at Aliyar checkpost for Valparai-bound vehicles. Only 750 vehicles...