Demonetisation, faulty GST implementation behind the slowdown, says Manmohan Singh
Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today.
“We cannot afford to deny that India is facing an economic crisis. Already, a lot of time has been lost. Instead of wasting its political capital by adopting a sector-wise piecemeal approach, or on monumental blunders like demonetisation, the time has now come for the government to carry out the next generation of structural reforms,” Singh told BusinessLine in an interview.…
“I believe that we are entering a different kind of crisis now, a prolonged economic slowdown that is both structural and cyclical. The first step in a crisis is to acknowledge that we are facing one,” he stressed.…
- Manmohan Singh tells Modi govt to stop ‘headline management’ and focus on economy (Sep 12, 2019, Economic Times)
- Economics: Uber, Ola, Rwanda, cow, what next? (Sep 12, 2019, The Telegraph)
- PM Modi Worried About ‘Cow Economy’, Not Country’s Economy, Says Asaduddin Owaisi (Sep 11, 2019, News18)
- ‘PM Modi chose ‘rootless’ ministers to handle economy’ (Sep 11, 2019, Deccan Herald)