No Economic Crisis as 3 Movies Earned Rs 120 Crore on Day of Release: Union Minister's Bizarre Claim
New Delhi: In a bizarre logic, Union Minister Ravi Shankar Prasad on Saturday cited the box office earnings of three movies on their day of release on October 2 to dismiss reports of economic slowdown in the country.
Addressing a press briefing in Mumbai, the Union Law and Justice Minister said the economy of the country is sound as three movies have collected a record earning of Rs 120 crore on October 2.
“On October 2, three movies were released. Film trade analyst Komal Nahta said that the day saw earnings of over Rs 120 crore, a record by three movies. The economy of the country is sound, that is why there is a return of Rs 120 crore in a day,” news agency ANI quoted Prasad as saying.
Earlier, Union Finance Minister Nirmala Sitharaman had blamed millennials for the slump in car sales in the country.
“The automobile industry is now affected by BS-6 and the mindsets of millennials, who now prefer to have Ola or Uber rather than committing to buying an automobile,” she had said.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, , Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.