India

Demonetisation led to fall in economy, PM yet to take responsibility for this epic failure: Cong

Pioneer News Service

Congress president Mallikarjun Kharge and former party chief Rahul Gandhi on Monday attacked Prime Minister Narendra Modi on Monday over his government's 2016 demonetisation move, saying the PM is yet to acknowledge this “epic failure” that led to the “fall of the economy” and that BJP brought back poverty over its larger claims of bringing back black money to the country.

Kharge's remarks, a day before demonetisation's sixth anniversary, said that the currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21.

“Demonetisation was promised to free the country of black money. But it destroyed businesses and ruined jobs. 6 years after the 'masterstroke' the cash available in public is 72% higher than that in 2016,” Kharge said in a tweet.

“PM is yet to acknowledge this epic failure that led to fall of economy,” the Congress president said.

Rahul Gandhi who is undertaking Padyatra on Bharat Jodo Yatra said in a statement that the taller claims of Modi to bring back black money has flattened and that with his demonetisation he brought back poverty in the country.

“In order to restore economy, the King demolished the entire economy of the nation. Economy weakened, unemployment augmented but terrorism increased,” Rahul said in a tweet message.