Referring to Sinha's article in which he also wrote that when the BJP was in opposition, it was against the “raid raj” but now it seems to have become the order of the day, Chidambaram said: “Instilling fear in the minds of the people is the name of the new game, says Yashwant Sinha.”

Congress spokesperson Randeep Surjewala said Sinha had “rightly spoken as to how an experimental Finance Minister and an autocrat Prime Minister can wreck India's economy” and that it was the “time for the people of this country to seek the relevant answers both from Arun Jaitley as also from Narendra Modi’’.

Surjewala said the facts and figures point to how the “economy is in a state of flux” in India.

“The GDP has fallen from 9.2 per cent to 5.7 per cent and as per old (methodology of calculation) will be about 3.5 per cent. NPA in this country has risen to Rs 11 lakh crore, share of exports in the GDP is at 14 year low of 19.4 per cent, private investment and gross capital formation as percentage of the GDP in 2016-17 is actually at a low of 14 years. Credit growth is lowest in the last 63 years, manufacturing PMI is at a low of eight years, inflation is at a five month high.

“On top of that there is Rs 2 lakh, 67 thousand crore of revenue being collected by the government of India through taxes on petrol and diesel. The Prime Minister only speaks and the Finance Minister only mismanages the economy.”

With inputs from NH Web Desk