Best States For Business 2016We have two Ministers today telling us that demonetisation in India will boost the country's GDP growth. They're both absolutely correct, Arjun Ram Meghwal and Piyush Goyal, this will indeed happen and they've got the mechanism by which it will happen correct too. But I believe that the decision to scrap high-value banknotes would push GDP growth up by two per cent," he told PTI. "There are many types of financial transactions that are not considered as an economic activity. As a result of demonetisation, the ambit of economic activity will grow and add to the GDP," the Minister of State for Finance said.

Source: Forbes December 04, 2016 09:07 UTC