Kaushik Basu: dishes demonetisation, praises GST & bankruptcy law. But 5.7 per cent growth is lower than I expected,” Basu, who has also served as chief economic advisor to India’s finance ministry, told PTI. Hence, the first quarter growth this year of 5.7 per cent implies 2.3 percentage points of growth has been lost due to demonetisation. But growth is likely to be poor in the next two quarters, especially the October-December one, Basu said. On policy incentives for the government, Basu said the system needs more liquidity, and exports have to be pushed.

Source: The Telegraph September 01, 2017 11:15 UTC