Triple blow of demonetisation, GST, unplanned Covid lockdowns decimated MSMEs in TN: Congress
New Delhi: Asserting that the MSMEs are India's "job creators", the Congress on Monday said the triple blow of demonetisation, GST and the unplanned COVID lockdowns decimated the MSME ecosystem in Tamil Nadu and alleged the unemployment crisis of today's India is a "Modi-made creation". Congress general secretary Jairam Ramesh said that before the BJP came to power, Tamil Nadu boasted a thriving ecosystem of more than 10 lakh Micro, Small, and Medium Enterprises (MSMEs), more than any other state.
"The triple blow of demonetisation, GST and the unplanned COVID lockdowns decimated the MSME ecosystem. As Rahul Gandhi has been consistently highlighting through the last ten years and as he reiterated during the INDIA bloc's mega rally in Coimbatore on April 12, MSMEs in the Kongu Nadu region, the state's industrial heartland, are still reeling from the Centre's mismanagement," Ramesh alleged.
This "man-made disaster" brought nearly all economic activity to a standstill and businesses were unable to pay workers and consumption ground to a halt, the Congress leader claimed.
