Demonetisation, GST slowed India’s growth : USA
The White House economists have released the Economic Report of the President. The report said the economic growth of India has slow down because of demonetisation and GST. It pointed out that demonetisation of 86 percent of high-value currency when 90 percent people are using currency notes for transactions was a blunder. The report also expressed concern over the rise of Non-Performing Assets in public sectors banks. However, the central government gave assurance to banks for extending assistance of Rs 2 lakh crore, the report mentioned.
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