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GDP slowdown not linked to demonetisation: Amit Shah

Fall in GDP was temporary and due to technical reasons, says Amit Shah

IANS  |  Bhubaneswar 

Amit Shah
BJP National President Amit Shah during a press conference in Bhubaneswar. Photo: PTI

The dip in growth to 5.7 per cent in the first quarter of this financial year is "temporary" and not linked to demonetisation, President said here on Thursday.

"The has not had any negative impact (on economic growth). 'Notebandi' cannot be reason for coming down to 5.7 per cent from 7.1 per cent," the Bharatiya Janata Party (BJP) President said in response to a query.

"So many quarters have passed since If it was for 'notebandi', the would have fallen on that quarter when was announced (October to December 2016),"

He said that this fall in was "temporary" and due to "technical reasons".

"The growth came down because a lot of traders cleared their stocks in advance in order to get input tax credit. This is a technical reason and you will see normal growth from the next quarter itself," he said.

Shah is on a three-day visit to Odisha to galvanise the party workers for the 2019 assembly polls. The has just 10 MLAs in the 147-seat Odisha assembly.

First Published: Thu, September 07 2017. 22:03 IST