MSME sector yet to recover from effects of demonetisation and GST: Congress
New Delhi, July 22 (SO News/Agencies) New Delhi Congress on Saturday criticized the BJP-led central government, saying that the MSME sector is yet to recover from the effects of demonetisation and GST and not enough steps have been taken to revive the sector, which could have provided employment to the youth.
Criticizing Prime Minister Narendra Modi, Congress General Secretary Jairam Ramesh tweeted, “Prime Minister is only focused on benefiting his select capitalist friends. MSEs, considered the backbone of the country’s economy, have been left to fend for themselves. The government itself has admitted in the Lok Sabha that about 20,000 micro, small and medium businesses have closed down in the last 3 years.
Sharing a news, he said, “The MSME sector is yet to recover from the effects of demonetisation and GST. Adequate measures are not being taken by the government. This is the reason why the sector which could have played an important role in providing employment to the youth, strengthening the country’s economy, is at its worst in the so-called amrit call.”
It should be noted that the Modi government had stopped the circulation of 500 and 1000 rupee notes on November 8, 2016. The Congress has been criticizing the government’s decision ever since. Apart from this, the Congress also criticizes the government for the wrong implementation of GST.
