The party said the Finance Minister did not do "his homework well" while commenting on the economic performance of the NDA government and his observations were "factually incorrect, misleading and distorted".
It quoted from the first Economic Survey and Union Budget presented by the UPA government in July, 2004 to claim that Chidambaram himself had given a positive report card of the previous NDA regime.
"The economy appears to be in a resilient mode...The economy has enjoyed the benefits of relatively low inflation, with comfortable stocks of food grains, enhanced competition in products markets and an appropriate mix of fiscal and monetary policies," the party said quoting from the Survey of 2003-04.
Party spokesman Ravi Shankar Prasad also contested Chidambaram's claim that average growth rate during the six years of NDA rule was 5.8 per cent.
"It was more than six per cent," he said, adding the A B Vajpayee government could achieve economic progress inspite of world-wide sanctions in the wake of Pokhran II nuclear tests, Kargil war and drought in 14 states.
Quoting more paragraphs from the survey, he claimed the document prepared and presented to Parliament by Chidambaram's own department praised the all-round economic growth in various sectors during the NDA regime.
