Demonetisation was a wrong move: Rajiv Bajaj

In a direct attack on Prime Minister Narendra Modi’s decision to demonetise Rs 500 and Rs 1,000 notes, Bajaj Auto MD Rajiv Bajaj said that the idea itself was totally wrong. 

“If the solution or the idea is right, it will go like a hot knife through butter...if the idea is not working, for example demonetisation, don’t blame execution. I think your idea itself is wrong,” Bajaj said while speaking at the Nasscom summit.

Bajaj also hit out at the government’s regulatory processes stating that it had not allowed the company to launch Bajaj Auto to launch four wheelers in the country. “If your innovation in the country depends on the government approval or the judicial process, it will not be a case of  ‘Made in India’, but ‘Mad in India’.”

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