This Article is From Jul 08, 2020

Warned Of "Economic Tsunami Months Ago", Was Ridiculed Then: Rahul Gandhi

In a tweet, Mr Gandhi also claimed that banks are in distress and attacked the BJP for ridiculing him for highlighting the issue of non-performing assets (NPAs) a few months ago.

Warned Of 'Economic Tsunami Months Ago', Was Ridiculed Then: Rahul Gandhi

"Small and medium enterprises stand destroyed," Rahul Gandhi said today. (File)

New Delhi:

Small and medium enterprises stand "destroyed" and large companies are under severe stress, Congress leader Rahul Gandhi claimed today and said he had warned of an "economic tsunami" in the wake of the COVID-19 pandemic.

In a tweet, Mr Gandhi also claimed that banks are in distress and attacked the BJP for ridiculing him for highlighting the issue of non-performing assets (NPAs) a few months ago.

"Small and medium enterprises stand destroyed. Large companies are under severe stress. Banks are in distress," he said.

"I stated months ago that an economic tsunami was coming and was ridiculed by the BJP and the media for warning the country about the truth," Mr Gandhi tweeted, citing a media report claiming that additional NPAs of Rs 1.67 lakh crore from top 500 debt-heavy private companies are likely next fiscal.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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