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Demonetisation Resulted in Slow Economy: Manmohan Singh
June 15, 2017
Congress President Sonia Gandhi and former Prime Minister Manmohan Singh said that the reason why the Indian economy has slowed down is mainly because of demonetization and the fact that the economy was primarily dependent on public spending. The two were present at the Congress Working Committee (CWC) meeting in which the condition of the economy was discussed.
Gandhi, who was chairing the meeting said that demonetization has had a negative effect on the economy, adding that Singh had predicted the aftermath of the note-ban way back.
