He added there was drought in the country for the first three years of the incumbent government’s term. He added India is the only economy that could maintain a growth rate of 7-8% in these challenging times. Defending demonetisation of Rs 1,000 and Rs 500 notes, he said, “Is it okay for our economy to remain largely driven by cash transactions? The Left parties, during the discussion, had criticised the government’s recapitalisation plan of over Rs 2.12 lakh crore for public sector banks. BJP’s Bhupendra Yadav said the UP and Gujarat election results were, in a way, validation of the government’s economic policies.

Source: Indian Express January 04, 2018 23:56 UTC