Thursday, 1 June 2017

Arun Jaitley plays down demonetisation growth hit >> Get Free Stock Tips

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Finance Minister Arun Jaitley on Thursday played down the impact on economic growth of the government's decision last November to scrap most of the cash in circulation, saying the annual rate of growth was "very reasonable".

Jaitley spoke after data on Wednesday showed that India's economy, Asia's third largest, suffered a growth slowdown in the quarter to March, to 6.1 percent, well below the expectations of independent economists.

He focused, however, on the growth figure of 7.1 percent in the 2016/17 fiscal year to March.

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