On the second anniversary of demonetisation political leaders all over the country poured out their opinion against the move. In Tamil Nadu, the opposition leaders took turns to criticise the initiative mooted by the Centre in 2016.
BJP leader Tamilisai Soundarajan tweeted demonetisation as a measure to curb black money and termed the move as a cleansing initiative by the strong Narendra Modi-led government.
RSS ideologue and RBI deputy director S Gurumurthy also tweeted in support of the note ban. “But for demonetisation asset price driven fake growth wouldn’t have stopped. India would have collapsed by 500 – 1000 explosion to over Rs 30 lakh crore by now like subprime credit in US, tax base would have not expanded,” Gurumurthy tweeted. “GST would have been impossible. Opposition to demonitisation is ideological. Demonitisation stopped this economic destruction at the cost of fake growth for a year. The growth driven by asset price rise led consumption fuelled by withdrawal of capital gains tax was a mirage. Continuation of it would have been disastrous. Demonitisation was an inevitable purgative,” Gurumurthy tweeted.
TDP chief Chandra Babu Naidu and Trinamool Congress leader Mamta Bannerjee also called it a disaster.