He accused the BJP of making a u-turn on Bills like GST after having stalled them during the UPA regime and rejected their claim that the Modi government has lifted the "gloom" saying it was the BJP that created it.

Reviewing the performance of the Modi government, he stated farmers and unemployment would give a "very low" rating. In a strong rebuttal of the charge that the UPA left an economic mess, he said the NDA inherited an economy that was growing a near 7 percent with declining inflation and fiscal deficit and CAD under control and asserted there wasn't any gloom.

Chidambaram added BJP has during its first year of office only renamed UPA schemes and has followed on the previous government's successful auction of telecom spectrum."They were the ones who created a pall of gloom. Where was the gloom. Inflation started declining in November 2013. The fiscal deficit was brought under control in 2012-13 partially and significantly in 2013-14. When we handed over the baton to them and according to their own figures economy had grown by 6.9 percent. So where was the gloom. Except the gloom that they created. But they are rhetoric," he told reporters.

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