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Demonetisation ‘destroyed’ economic system, helped few crony capitalists, alleges Rahul Gandhi

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New Delhi: Congress chief Rahul Gandhi on Sunday slammed the federal government over demonetisation, alleging that Prime Minister Narendra Modi’s transfer 4 years in the past was aimed toward serving to just a few of his “crony capitalist friends” and had “destroyed” the Indian economic system. Gandhi and the Congress have been alleging that the 2016 demonetisation was not within the curiosity of the folks and had antagonistic results on the economic system, a cost the federal government has dismissed repeatedly.

In a video launched as a part of the get together’s on-line ‘SpeakUpAgainstDeMoDisaster’ marketing campaign, Gandhi stated the query is how the economic system of Bangladesh “surpassed” the Indian economic system as there was a time when India was some of the excessive performing economies of the world.

“The government says that the reason is COVID but if that is the reason, there is COVID in Bangladesh and elsewhere in the world also. The reason is not COVID, the reason is ‘Notebandi’ and GST,” Gandhi stated in Hindi.

“Four years ago Prime Minister Narendra Modi began an assault on the Indian economy. He hurt farmers, labourers and small shopkeepers. Manmohan Singh ji said the economy will lose two per cent and that is what we saw,” the previous Congress chief stated.

The prime minister had acknowledged that it’s a battle in opposition to black cash, but it surely was not so, Gandhi stated.

“This was a lie. The attack was on you, Modi wanted to take your money and give it to his 2-3 crony capitalist friends. You stood in lines, not his crony capitalist friends. You put your money in banks and PM Modi gave that money to his friends and gave them a loan waiver of Rs 3,50,000 crore,” Gandhi alleged.

Then Modi applied a “faulty GST” and small, middle-sized companies had been destroyed as “he cleared the way for his 3-4 crony capitalist friends”, the Congress chief claimed.

Gandhi alleged that now farmers had been being focused with the three new agricultural legal guidelines which, he stated, would “finish off” them.

Modi has “destroyed” the pleasure of India — its economic system, Gandhi stated, and added, “We have to jointly rebuild india”.

The Congress is observing the fourth anniversary of demonetisation as “Vikshwasghaat Diwas” (Betrayal Day).

On November 8, 2016, Prime Minister Modi introduced the choice to ban all forex notes of upper denomination of Rs 500 and Rs 1,000 from midnight.


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