In the shared video, the actor can be heard saying, "When the Prime Minister of India started his term, he introduced microeconomy and digital currency.
Digital Desk: Actor R Madhavan, who is at the 75th Cannes Film Festival with a team representing India, hailed the success of the "micro-economy" in India under Prime Minister Narendra Modi.
He said the world was sceptical at first, believing that digitisation would be a "big disaster" in a country where farmers may not know how to use a smartphone or handle their accounting, but "the whole story changed" in a couple of years and India became one of the largest users of micro-economy in India.
He said it happened because the farmers didn't need to be educated to use a phone to know if they had received the money. "That is new India," he said, in a nod to the Centre's term to project an image of change they claim has been heralded by the BJP-led union government.
In the shared video, the actor can be heard saying, "When the Prime Minister of India started his term, he introduced microeconomy and digital currency.
There was a furore around the world, among the economic community, which said, 'This is not going to work. It is a disaster' because how will you get the farmers and the uneducated people in the small villages to handle a small phone or a smartphone and handle the accounting."
The actor went on to say that it was considered that the microeconomy was going to be a big disaster in India. He added, "In a couple of years, that whole story changed, and India became one of the largest users of microeconomy in the world, and you know why it happened. The farmers did not need to be educated to use a phone to know if they had got their money, who the money they had sent to... That is new India."
Taking to Twitter, Union minister Anurag Thakur shared a video of Madhavan explaining how PM Modi's vision of the digital economy was thought to be a disaster by economists, but it was not.
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