#ModiHaiToMandiHai: Twitterrati blames Modi Govt for slowdown in economy

New Delhi, Aug 24: After the economic slowdown made the headlines over the last few weeksthe Union Finance Minister Nirmala Sitharaman on Friday announced a series of measure to give a much needed stimulus to the economy. Along with this she also announced many steps that the government would take across sectors to boost economic growth.

Earlier, Former prime minister Manmohan Singh said India is headed for an economic slowdown and accused the Modi government of leaving the economy in dire straits due to its "lack of economic vision".

The strongest admission came on Thursday when NITI Aayog vice-chairman Rajiv Kumar said, "Nobody had faced this sort of situation in the last 70 years where entire financial system was under threat."

The news of economic slowdown spread like a wild fire, twitteraties started pouring comments and posting their views over this serious issue.

Some blamed Modi Government and demonetisation for this fall in India's financial crisis.

See what people tweeted :

On Friday, the FM's announcements came at a time when ratings agency Moody's recently lowered India's GDP growth forecast to 6.2 percent from 6.8 percent for 2019.

The former RBI Governor Raghuram Rajan also has called slowdown in the economy "very worrisome" and said the government needs to fix the immediate problems in power and non-bank financial sectors and come out with a new set of reforms to energise private sector to invest, earilier this month.