Demonetisation & GST blow is a complete disaster for our economy and has broken the back of our small businesses, said former prime minister Manmohan Singh on Tuesday. “This twin (Demonetisation & GST) blow is a complete disaster for our economy, it has broken the back of our small businesses,” Singh said.
“We had to run for Chinese imports at the cost of Indian jobs,” the former PM said while talking about demonetisation & GST. “I repeat what I said in the parliament, this was organised loot & legalized plunder. The fear of tax terrorism has eroded the confidence of Indian business to invest,” he added.
“I can proudly say that we lifted 140 million people out of poverty,” Singh said.