Gandhi hit out at Modi govt's demonetisation drive and said India could not afford to grow at its current pace
Arrogance crept into the Congress party around the year 2012 and we stopped interacting with people, Congress Vice-President Rahul Gandhi conceded in his address to students of the University of California, Berkeley on Tuesday. He was speaking on 'India at 70: Reflections on the Path Forward'.
Further, commenting on the present Naional Democratic Alliance (NDA) government's economic policies, Gandhi said the November 2016 decision to demonetise high-value currency notes and the hastily rolled out Goods and Services Tax (GST) had put a great pressure on India's economy. He added that Prime Minister Narendra Modi's demonetisation drive had led to a decline in the country's economic growth.
"Millions of small businesses were simply wiped out as a result of demonetisation. Farmers and manual labourers who used cash were hit extremely hard. Agriculture is in deep distress and farmer suicides have skyrocketed across the country. A completely self-inflicted wound, demonetisation caused an approximate two per cent loss in GDP growth," Gandhi said...READ MORE
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