'There is an unprecedented economic crisis in the country today, because of demonetisation, GST, NPAs (non- performing assets) and crony capitalism of the BJP government,' CPI(M) general secretary Sitaram Yechury said.
Gandhi tagged a news report quoting the Comptroller and Auditor General, in its first-ever audit of the Goods and Services Tax, that the government had failed to try out the system before its rollout to the people.
The report prepared by Azim Premji University is based on CMIE-CPDX data and says India's unemployed are mostly the youth and that the beginning of the decline in job losses coincided with demonetisation
Theirs is a unique partnership that successfully ground down the anti-BJP narratives around demonetisation, farm distress and job flight, getting people across sections to vote for Modi. And Amit Shah’s realpolitik may now enable the PM to build an inclusive image.
Demonetisation and the subsequent introduction of Goods and Service Taxes (GST) were aimed at lifting Indian economy. But the government's vision has been counterproductive given the way international bodies are calculating India's economic growth