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Demonetisation had no effect on Indian economy: Finance Minister

Demonetisation had no effect on Indian economy: Finance Minister

Finance Minister Nirmala Sitharaman yesterday said that there was no impact of demonetisation on the Indian economy and the country still continues to be the fastest growing economy. In reply to supplementaries in the Rajya Sabha, the Minister said that the manufacturing sector has had a certain fall, but it is not attributable to demonetisation.

She said economic growth is high on the agenda of Government and various reforms are being undertaken to improve GDP growth. To give focused attention to issues of growth, the Government has also constituted a five-member Cabinet Committee on Investment and Growth chaired by Prime Minister. She said the country’s growth rate is still above 7 per cent.

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