Demonetisation affected common people, brought down GDP: Sitaram Yechury

The demonetisation of high value notes has affected common people very badly and the country’s GDP is likely to come down, CPI(M) General Secretary Sitaram Yehchury said in the city on Wednesday.

Yechury was addressing a rally of party workers, who had gathered outside CGO complex in Salt Lake, demanding arrests of the real culprits behind Sarada and Rose Valley scams.

Yehchury said the Prime Minister Narendra Modi’s demonetisation driver did not help recover black money.

“There are laws to recover them. Despite the Supreme Court order, Modi did not disclose the names of those who have deposited money in black money foreign banks.

“The World Bank, Asian Development Bank and some experts have said that demonetisation would 

affect the country and its GDP would come down affecting its financial health,” Yechury said.

He said movements should be launched to oust Modi as he had supported corruption and unleashed oppressive measures and created fear psychosis among the masses.

Taking potshots at the Bengal government, Yechury said it was unfortunate that labourers and students of Bengal are going to other states.

He also congratulated CPI(M) workers for organising the rally and said the party will have to take such movement in other states.