On Saturday, 3 August, as Niti Aayog CEO Amitabh Kant attributed the slowdown of GDP growth to “too much of reforms”, experts and common people alike, on Twitter failed to wrap their heads around the proposition.
“One of the reasons for the slowdown is that it has had too much of reforms – GST , IBC, RERA – a huge set of reforms which we have undertaken and I think the next round of reforms must revolve around sectors like oil and gas, mining, coal,” a report by The Hindu, quoted Kant, as saying.
The policy think tank chief was speaking at a summit held in New Delhi.
Not long after, social media users expressed their dismay and confusion over how economic reforms could possibly hamper growth.
Senior business journalist Latha Venkatesh also pointed out that Kant had not mentioned demonetisation as an economic reform.
Others pointed out the flaws and failure of the ‘reforms’ listed out by the Niti Aayog chief in his argument.
A section of Twitter also pointed out that reforms are effected to provide impetus to the economy in the first place.
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