"I think demonetisation has so far played out to the plan..." said Goyal who holds the Power, Coal and New and Renewable Energy portfolios. "I don't understand the logic of some eminent economists who have been mentioning that GDP would take a hit by the demonetisation," he said. I don't know whether Rs 1,86,000 crore lost in the coal scam was disorganised loot or not. "Goyal also criticised American Nobel laureate and economist Paul Krugman for describing India's recent demonetisation move as being "unusual". He always felt that Obama bail out in 2008 was inadequate and it was wrong to fund the private sector.

Source: Economic Times December 03, 2016 12:04 UTC