 "Union Finance Minister, Finance Minister, Arun Jaitley, Jaitley, NDA government, NDA")
A day after gross domestic product (GDP) growth showed a sharp slowdown in the January-March quarter, Finance Minister Arun Jaitley said demonetisation alone could not be blamed for the slower rate of growth. Growth rates between 7-8 per cent were “very good” by global standards, he added.
Official data released on Wednesday showed economic growth fell to at least a four quarter low of 6.1 per cent during January-March 2017, and to a three-year low of 7.1 per cent in FY17, reflecting the impact of the note ban.
“There are several factors which can contribute to GDP in a particular
