Maths never helped Einstein discover gravity: Piyush Goyal
#Einstein, #Newton and #Gravity goes trending on Twitter after his statement
New Delhi: Days after Finance Minister Nirmala Sitharaman attributed the slowdown in the auto sector to millennials using Ola and Uber, Commerce Minister Piyush Goyal has said that we should not be concerned with GDP maths, since “maths never helped Einstein discover gravity”.
He was speaking to reporters following a meeting with the Board of Trade and sought to instil confidence that the country was on track to meeting the $5 trillion target in five years.
“Don’t go by all these calculations you see on TV, that if the country has to become a $5 trillion economy, it will have to grow at 12% but right now it is currently growing at 6-7%,” Mr. Goyal said. “Don’t get into those maths. Those maths have 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 this world,” Mr. Goyal added.
The Commerce Minister’s statement comes at a time when the Indian economy is growing at a multi-year low rate. The growth rate in the first quarter of the financial year 2019-20 stood at a dismal 5%, the lowest in six years.
A major sector affected by this slowdown has been the auto sector, which has seen sales repeatedly breaching historically low levels. In response to this, Ms. Sitharaman said that the subdued demand was being caused due to BS-VI fuel norms and young people’s preference for ride sharing apps such as Ola and Uber.
“The automobile and components industry has been affected by BS-VI and the mindsets of millennials who now prefer to have Ola and Uber rather than committing to buying an automobile,” Ms. Sitharaman said on Tuesday in Chennai.
Former Finance Minister @PiyushGoyal is correct, Einstein did not require maths to discover gravity, but Sir Isaac Newton did.
— Congress (@INCIndia) September 12, 2019
FYI, maths is also required to #FixTheEconomy. pic.twitter.com/Nr3QyYbPpA
Courtesy: www.thehindu.com
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Efforts of party cadres will be rewarded on May 4: DMK chief Stalin
Chennai (PTI): Tamil Nadu Chief Minister M K Stalin on Friday said that the efforts made by his party cadres during the Assembly elections would be rewarded on May 4.
The counting of votes for the Assembly elections held on April 23 will be taken up on May 4.
"We are set to reap the rewards of the hard work put in by our party cadres on the coming fourth (May 4 counting day). There is absolutely no change in this and not even the slightest deviation," Stalin said at a May Day event here.
"There is no need for anyone to assume that I am speaking merely on the basis of exit polls," he added.
Stalin, who is also DMK chief, said that "good news" would come for those eagerly waiting for the election results.
Stating that the DMK governance is based on philosophy and principles, Stalin said, "This will continue."
He recalled the pivotal role of the then Chief Minister C N Annadurai, who first declared May Day as a government holiday, and subsequently, late CM M Karunanidhi, who was instrumental in extending it as a paid holiday across the nation.
"Responding to the request of Kalaingnar (Karunanidhi), the then Prime Minister V P Singh accepted the plea and declared it (May 1) a paid government holiday not merely for Tamil Nadu, but for the entire nation," Stalin said.
