Jairam Ramesh targets PM Narendra Modi citing new demonetisation study – The Economic Times

A new study has claimed that demonetisation hit economic activity by 2-3 percentage points, bringing reduction in jobs and contraction in bank credit.
Citing a new study on demonetisation, Congress leader Jairam Ramesh on Monday took an apparent swipe at Prime Minister Narendra Modi, saying “our omnipresent, omnipotent and omniscient one” will never accept that demonetisation has hit economic activity by 2-3 percentage points.

“New solid research evidence that the Tughlakian decision of demonetization has severely damaged the Indian economy. We are still reeling and will continue to do so for some time. But Our Omnipresent, Omnipotent, Omniscient One (O-5) will never accept it,” Ramesh wrote on Twitter.

A new study has claimed that demonetisation hit economic activity by 2-3 percentage points, bringing reduction in jobs and contraction in bank credit.

via Jairam Ramesh targets PM Narendra Modi citing new demonetisation study – The Economic Times

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s