 "Chandrajit Banerjee")
Even as critics doubt the gross domestic product data as put out by the statistics office, Confederation of Indian Industry director general Chandrajit Banerjee tells Indivjal Dhasmana the data is in line with what was expected, given the lack of facts in the informal sector. He says demonetisation will lead to wider use of non-cash payment instruments and that in turn will result in decline in the parallel economy. Edited excerpts:
There are varied interpretation of the impact of demonetisation on the economy. What is your take?
Demonetisation was a transformative move by the government with the objective of cleaning up
