Demonetisation followed by faulty GST led to this slowdown: Manmohan Singh

The first step to fix it is to acknowledge that there is an economic slowdown, says the former Prime Minister

Former Prime Minister Manmohan Singh believes Indian economy is facing a slowdown, which is both structural and cyclical in nature. In an interview with Hindi daily Dainik Bhaskar, he said the first step towards addressing it should be to acknowledge the fact that we are facing a crisis.

Saying that India was able to successfully handle the 1991 and 2008 crisis despite not having a mandate as big as that of the present government, Singh said the government needs to stop the habit of headline management and start engaging with experts and stakeholders to find a way through the problem.

The former