Because if you put him in the Finance Ministry the growth rate will come down," Sinha said recalling Chidambaram's earlier tenure as Finance Minister.
Modi during a rally here earlier this month had made the remark in an apparent reference to Chidambaram's victory in the 2009 Lok Sabha polls after a recount of votes.
Referring to Chidambaram as "just a distinguished gentleman" from Tamil Nadu who heads the Finance Ministry, Sinha said "his arrogance has no limit."
He can neither win from any of the Lok Sabha 40 seats in Tamil Nadu and Puducherry nor from any other constituency in the country, Sinha claimed.
He criticised Chidambaram for reducing the plan size in the current year thus taking credit for bringing down fiscal deficit.