500 notes was to bring down real estate prices. This is good, as one of the aims of demonetisation is to bring down real estate prices. The 2016 real GDP growth is expected to slow down by 0.25-0.5%. A good follow-up of the GST will be to bring land and real estate within the GST. In this context, the Survey points to need to further privatise the civil aviation, banking and fertilizer sectors.

Source: The Hindu January 31, 2017 07:31 UTC