New Delhi: Alleging that Prime Minister Narendra Modi’s “monopoly model” has actually removed work in the nation, Leader of Opposition in the Lok Sabha Rahul Gandhi on Friday worried the requirement for streamlining the Goods and Services Tax (GST) and opening the financial system to small companies to advertise task development.
Sharing a video clip of the “Dogri Dham with RG” occasion held by the All India Professionals’ Congress (AIPC) in Jammu on Wednesday, Gandhi claimed on X that the stress in the eyes of a young start-up proprietor from Jammu and Kashmir shows the battles of many business owners and small-business proprietors in India.
“‘Modi ji’s monopoly model’ has taken away jobs, devastated MSMEs and deprived people of opportunity,” the previous Congress principal claimed.
“The systematic attack on small and medium industries through incompetent policies like a bad GST and demonetisation has turned India from a producing economy to a consuming one. At this rate we can neither compete with China nor ensure prosperity for all Indians,” he claimed, including that India should have much better.
“We must simplify GST and open up the banking system to small businesses to promote widespread opportunity and job creation,” Gandhi claimed.
In the video clip uploaded by Gandhi on the microblogging system, he is seen informing the event, “If we come to power at the national level, we will remove this GST and change it.”
He is likewise seen informing the event that the single-biggest factor for joblessness is that the fundamental framework of work, which is little and moderate organizations, is “under severe attack from five to 10 really big monopolies”.
“These large monopolies have a control over the political system, and they are organising a systematic attack on you,” he claimed.
“What is the answer? The answer is a redesigned GST, banking support to small and medium industries, technological support to small and medium industries. India has a huge set of skills, capabilities. These are in different clusters.
“If I involve Jammu, I am specific that there will certainly be specific points that you are experts in, specific abilities you have. Linking those abilities with financing, with innovation and accumulating sectors from scratch is the means ahead. We will certainly provide work to individuals,” he said.
At the event, Gandhi outlined several key policy proposals aimed at boosting the local economy, including improved access to capital for micro, small and medium enterprises (MSMEs), export incentives and measures to reduce tax-related burdens on businesses.
The event attracted 328 participants, with one-third representing business owners and a half comprising private sector professionals.
At the occasion, Gandhi joined an honest question-and-answer session, where the participants highlighted certain difficulties dealing with organizations in the area.
Published 27 September 2024, 21:26 IST
