Nirmala Sitharaman blames 'millennial mindset' for auto sector slowdown, but who's at fault for drop in truck sales?
During an economic downturn, typically accompanied by a severe demand slump and job losses, the easiest mistake a government can make is not to acknowledge the problem. Addressing reporters in Chennai on Tuesday, Sitharaman said the mindsets of millennials were adversely affecting the automobile industry as they prefer to use radio taxi services instead of buying their own vehicle. Unless the auto sector slowdown is addressed through strong measures, the Goods and Services Tax (GST) rate cut, to begin with, the story will continue.continue reading.
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