Low Growth RateDemonetisation was on November 8, 2016, in the third quarter of 2016-17. The low growth rate is because of the low investment rate, especially by the private sector. The low growth rate is the main cause of lack of new jobs. The sectoral growth rate in the four NDA years has been -0.2, 0.6, 6.3 and 3.4 per cent. Relative to the peak of USD 315 billion in 2013-14, the growth rate has been negative.

Source: Indian Express January 19, 2019 20:26 UTC