Singapore: Congress president Rahul Gandhi said on Saturday that demonetisation was “not a good” initiative and if he were the prime minister he would have thrown the proposal into the “dustbin”.
Gandhi is on a five-day trip to the Southeast Asian countries. He began the Malaysia leg of his visit on Saturday and interacted with an “enthusiastic gathering” of Indian diaspora in Kuala Lumpur.
Asked how he would have rolled out demonetisation differently, Gandhi said “if I was the Prime Minister and somebody would have given me a file with demonetisation written on it, I would thrown it in the dustbin, out of the door and into the junkyard.”
“That is how I would have rolled it out, because that is what I think should have been done with the demonetisation which was not good at all,” he said in a video shared by the Congress party on its Twitter handle.
The demonetisation initiative was rolled out by Prime Minister Narendra Modi on November 8, 2016, announcing the invalidation of high-value currency notes currency notes of Rs 500 and Rs 1,000.
The Congress party has strongly criticised demonetisation, saying the move has led to economic slowdown.
Earlier at the University of California, Berkeley, Gandhi had said that Modi had caused “tremendous damage” to India’s economy with his “reckless and dangerous” decisions like demonetisation and “hastily-applied” GST.