Making it an unintentional ‘havoc’, Finance Minister Nirmala Sitharaman on Wednesday said that millions of people have mindset that the reason behind slowdown in the automobile sector was facing its worst slump in more than two decades and somehow it is because of the mindsets of mellennials.
“Some studies do tell us that mindset of millennials, who are now preferring not to commit an EMI (equated monthly installment) for buying an automobile, instead prefer to take Ola, Uber, everything else, or take the metro,” she said.
Currently, the centre is already working to resolve the crisis in the automobile sector, which has seen the loss of lakhs of jobs, and was ‘constantly interacting with different segments’ to resolve the issue, she added.
The minister announced various measures, including order, gives to the government department to buy new and replace old ones; there had previously been a ban on the purchase of new cars.
However, Sitharaman’s statement did not go down so well with millennials and they have been expressing their views in the way they know best: by posting about it on social media. Soon after her statement, hashtags like #SayItLikeNirmala and #BoycottMillennials began trending on social media, with tweets blaming the millennial mindset for, well, everything.
And hilarious tweets like, “Oxygen crisis will occur because millennial inhale more oxygen in the morning,” popping up on your timeline.
Read EquityPandit’s Nifty Outlook for the Week