FM Blames “Millennial Mindset” For Auto Crisis, Desi Twitter Responds With Sarcasm!

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. By playing down the issue, such governments only delay the much-needed solutions for the problem. It will then need to find a bigger justification for the worsened scenario. In the context of the auto sector slowdown and the government’s approach towards it, this is precisely what Union Finance Minister Nirmala Sitharaman is doing right now.

Addressing reporters in Chennai, 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. Here’s is what Sitharaman said:

“Automobile sector, in particular, has been affected by several things. These include BS6 (Bharat Stage 6) movement, the registration fee issue that has been deferred till June and the mindset of millennials, who are now preferring not to commit EMIs to buy automobiles but prefer to use Ola or Uber or take the metro.”

The problem is that every slowdown is accompanied by job losses. The case is no different now as well. About 3.5 lakhs jobs have been lost so far in the auto and component industry alone. The millennial mindset or Ola/Uber cannot be certain blamed for this debacle.

However, this statement did not go down so well with the millennials and they expressed their views by starting hashtags like #SayItLikeNirmala and #BoycottMillennials began trending on social media. Have a look.

source

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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. By playing down the issue, such governments only delay the much-needed solutions for the problem. It will then need to find a bigger […]