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Demonetisation: Govt says no direct data available to measure effect on GDP

GDP depends on multiple factors, says Arjun Ram Meghwal in Rajya Sabha

IANS  |  New Delhi 

Arjun Ram Meghwal
Arjun Ram Meghwal

The government on Tuesday said the growth of the country was dependent on multiple factors, of which was only a part, as no direct data was available to measure the impact of on the

"Gross Domestic Product of a country depends on a number of factors including structural, external, fiscal and monetary factors (which is only partly reflected by demonetisation)," Minister of State for Finance said in a written reply to the

"According to the that brings out data on GDP, no direct data is available to measure the effect of on GDP," the minister noted.

Meghwal also said that there was no comprehensive survey-based information with the government about the impact of on

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First Published: Tue, July 18 2017. 23:11 IST