New Delhi | Congress general secretary Priyanka Gandhi has questioned the BJP-led government on the slowing economy, and asked them to “open their eyes”.
“The economy is falling into a deep abyss of recession. A sword is hanging on the livelihood of millions of Indians. The decline in the auto sector is a sign of negative growth in production-transportation and the declining confidence of the market. When will the government open its eyes?” Priyanka Gandhi said in a tweet in Hindi.
अर्थव्यवस्था मंदी की गहरी खाई में गिरती ही जा रही है। लाखों हिंदुस्तानियों की आजीविका पर तलवार लटक रही है।
ऑटो सेक्टर और ट्रक सेक्टर में गिरावट प्रोडक्शन-ट्रांसपोर्टेशन में निगेटिव ग्रोथ और बाजार के टूटते भरोसे का चिन्ह है।
सरकार कब अपनी आँखें खोलेगी? https://t.co/9zaGPJxslu
— Priyanka Gandhi Vadra (@priyankagandhi) September 10, 2019
The auto industry suffered its worst-ever monthly sales performance in August. Passenger vehicle sales were down 31.57% year-on-year to 196,524 units in August, passenger car sales slipped to 41.09% to 115,957 units, according to Society of Indian Automobile Manufacturers (SIAM) data.
This is the worst-ever fall for both the categories since SIAM started recording the data in 1997-98.
Thousands have already lost their jobs due to the deepening crisis, as automakers have shut down their productions temporarily.
Union Minister Nitin Gadkari had earlier this week assured people that the slowdown is the result of a decline in the global economy.
Automakers have already warned the government of more job cuts if it does not intervene through a reduction in GST from 28% to 18%.