Millennials, Not Taxes, Get Blame for India’s Falling Auto Sales
Photographer: Dhiraj Singh/Bloomberg
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Millennials’ preference for ride-hailing services such as Uber and Ola over owning cars, and not high taxes, is among reasons behind India’s slumping vehicle sales.
That’s the argument advanced by Finance Minister Nirmala Sitharaman Tuesday when she spoke about steps the government has been taking to revive demand and bolster economic growth from a six-year low of 5%.