Indian economy staring at MMD aka 'Modi Made Disaster': Rahul Gandhi

Says GST has unleashed 'tsunami of tax terrorism' and FM Arun Jaitley 'has the nerve to say things are just fine'

Congress Vice President Rahul Gandhi on Thursday said the Narendra Modi government's badly conceptualised and moth-eaten goods and services tax (GST), or 'Gabbar Singh tax', has "unleashed a tsunami of tax terrorism".

Gandhi said the Indian economy was "staring at a disaster" because of the twin blows of demonetisation and GST. He said this was "purely a manmade disaster", "or rather in the PM's terminology 'an MMD' - a Modi Made Disaster."

Speaking at an event organised by the PHD Chamber of Commerce and Industry (PHDCCI), the Congress Vice President sought to reach out to India's SME (small and medium enterprises) sector.