Demonetisation was ill-conceived, consequences were 'catastrophic’: P Chidambaram

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Demonetisation was ill-conceived, consequences were 'catastrophic’: P Chidambaram

G Plus News | November 09, 2018 13:26 hrs

GUWAHATI: Congress stalwart and former finance minister, P Chidambaram, on Friday, addressed the media at Rajiv Bhawan, Guwahati and spoke about the completion of two years of demonetisation in the country and its 'catastrophic consequences'. 

Delivering the opening statement, Chidambaram said, "Demonetisation was an ill-conceived move inspired by people who are totally unqualified on matters concerning money and the economy. Its consequences were catastrophic. Two
years after demonetisation derailed the Indian economy, the government should put out a self-defense of demonetisation and it benefits without admitting its mistake." He further added that such a government does not deserve to be re-elected. 

Chidambaram informed the gathering that the Congress party is opposed to the Bhartiya Janata Party because it believes that the BJP’s vision of India is majoritarian, exclusive, discriminatory and illiberal. Further, it believes that the BJP has not fulfilled any of the promises that it had made to come to power and termed them as a 'Jumla'.

The former finance minister arrived in Guwahati on Thursday night to chalk out a strategy for the upcoming Lok Sabha elections and also presented the objectives of the Congress party. 

Goals presented by Chidambaram were -

• To reflect the voice of the citizens

• To be in conversation with the people

• To help India become a truly free, open, liberal, equal and inclusive society.


P Chidambaram addressing at Rajiv Bhawan in Guwahati

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