Manmohan Singh says Modi Should accept mistake of Note Ban and GST

New Delhi, November 07: Former Prime Minister Manmohan Singh has commented on ruling party BJP's outstanding decision like Note ban and GST here on Today, ahead of Gujarat Elections.

The economist was addressing small businessmen on GST and other issues in the state today.

He has called demonetisation a "catastrophic economic policy" that may aggravate inequalities and prove to be a "far greater social malaise" in a diverse country like India and asked Prime Minister Narendra Modi to accept the "blunder" and work towards a consensus to rebuild the economy.

He also added that Demonetisation has proved to be a catastrophic economic policy. The damage it has caused has been multiple folds - economic, social, reputational and institutional. Slowing GDP is merely one indicator of the economic damage. Its impact on the weaker sections of our society and business is far more damaging than any economic indicator can reveal