Indian economy to grow at lower rate in 2017-18 due to demonetisation: Paris-based think tank

Indian economy to grow at lower rate in 2017-18 due to demonetisation: Paris-based think tank

Indian economy is projected to grow at a lower than expected rate of 6.7 per cent this fiscal due to the “transitory effects” of demonetisation and the GST implementation, according to Paris-based think tank OECD. The Organisation for Economic Cooperation and Development (OECD) has also revised downwards its estimate for the country’s growth in next financial year (2018-19) to 7.2 per cent. For this period, the GDP expansion was pegged at 7.7 per cent in June. In 2017-18, India’s growth is forecast to be 6.7 per cent compared to June…

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Raghuram Rajan speaks on demonetisation, economy and life after RBI: Full text of interview

Raghuram Rajan speaks on demonetisation, economy and life after RBI: Full text of interview

Economist and former RBI governor Raghuram Rajan speaks to HT about the impact of demonetisation, the benefits of GST, Indians’ knack for ‘jugaad’ and working on building a liberal arts university in India. Q: Many congratulations on your new book. Already a lot of debate has been generated, specifically on demonetisation. I know you want to talk about a lot of things, but a few questions that still remain unanswered… A: That will remain unanswered. Q. You have talked about an RBI note to government on the preparations and the time required for demonetisation. Can you…

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