Former Prime Minister and Union Minister of Finance - Manmohan Singh - has requested the Modi government to work towards fixing India's deteriorating economical status in a video that is being shared by many.
Dr. Singh also stressed that this is not the time for 'vendetta politics' and the brightest of people should be approached to take India out of this crisis.
Our economy has not recovered from the man made blunders of demonetisation and a hastily implemented GST... India cannot afford to continue down this path. Therefore, I urge the government to put aside vendetta politics, and reach out to all sane voices and thinking minds, to steer our economy out of this man-made crisis.
Statement of Former Prime Minister Dr Manmohan Singh on the distressing state of the Indian Economy. pic.twitter.com/NvqL2OJLwt— Randeep Singh Surjewala (@rssurjewala) September 1, 2019
Listing facts, he also talked about India's deteriorating GDP, which he said was 'deeply worrying'.
The last quarter's GDP growth rate of 5 per cent signals that we are in the midst of a prolonged slowdown.
Dr Manmohan Singh while speaking on Demonetisation on 25th Nov 2016 said— Roshan Rai (@RoshanKrRai) August 31, 2019
"My own feeling is that the GDP of the country can decline by about 2% point , this is an underestimate , not an overestimate" -
Today the GDP has fallen down to 5% , down by more than 2%.
1 USD = INR— Rishi Bagree ऋषि 🇮🇳 (@rishibagree) September 1, 2019
2013: 69.13 😨
2019: 71.74 Today#DrSinghOnEconomicCrisis
The prediction has come true.— Sanghamitra (@AudaciousQuest) September 1, 2019
Top quotes from Dr MMS in 2016 after DeMo:
- The GDP can decline by about 2 % due to DeMo
- I want to ask the PM that can he name any country where people have deposited their money but are not able to withdraw it.#DrSinghOnEconomicCrisis
Today, as the #EconomicSlowdown rips apart the claims of "Shreshtha Bharat" and even @BJP4India loyalists started demanding that Dr Manmohan Singh should pitch in, i remember what he said— Dr Pooja Tripathi (@Pooja_Tripathii) September 1, 2019
"History will be kinder to me than the media"#DrSinghOnEconomicCrisis pic.twitter.com/LAywIqLtAu
Dr. Singh also added this downfall is due to 'all-round mismanagement' by the Modi government and needs to be worked on soon.
Here's his complete statement in text (Hindi and English):