After the Fin Min Nirmala Sitharaman's comment on Millennial's Mindset being responsible for slag in auto sector as they prefer OLA & UBER over committing to buy a car; the former Fin Min (Currently Commerce Minister) Piyush Goyal has invoked Einstein to substantiate that all's well in the economy.
While addressing media after the meeting with the Board of Trade, the minister invoked Einstein to assert that all is well in the economy and it is on track to achieve $5 Tn in 5 years. He stated that "Don't go by all these calculations you see on TV, that if the country has to become a $5 Tn economy, it will have to grow at 12% but right now it is currently growing at 6-7%". He added,"Don't get into those maths. Those maths never helped Einstein discover gravity"
"If he had only gone by structured formulae and what was past knowledge, I don't think there would have been any innovation in the world." He added.
The minister may have goofed up Newton with Einstein, but he ment it clearly that numbers don't matter and $5 Tn is possible, how would be a question for another day.
Ministers in Modi2.0 are leaving no stones unturned to justify the Fin Min's lack of actions, to keep the growth up. And at the end numbers do matter. If the economy keeps growing with the same pace as it is now $5 Tn GDP can only be reached by FY28.
Parhaps we should invoke Einstein again, but this time with his first law of motion "An object in motion will stay in motion at a constant velocity unless acted unless by an outside force." In present context "The economy will keep struggling at 6-7% (5% in Q1 FY20) growth rate unless the government pushes reforms."
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