TIL Desk/National/New Delhi/ Ex-PM Manmohan Singh is set to visit poll-bound Gujarat on Tuesday. He is expected to interact with traders and businessmen on issues like GST and current situation of economy. Ahead of his visit, the Congress leader attacked the Narendra Modi government over its economic policies like demonetisation.
Terming the notes ban as a “catastrophic economic policy”, Singh warned that the move would aggravate inequalities and prove to be a “far greater social malaise” in a diverse country like India.”Demonetisation has proved to be a catastrophic economic policy. The damage it has caused has been multiple fold – economic, social, reputational and institutional.
Slowing GDP is merely one indicator of the economic damage. Its impact on the weaker sections of our society and business is far more damaging than any economic indicator can reveal,” he told. He also asked Prime Minister Narendra Modi to accept the “blunder” and work towards a consensus to rebuild the economy. Singh had earlier termed demonetisation as a monumental blunder and a case of “organised loot and legalised plunder”.
