Manmohan Singh: Demonetisation caused unemployment, spike in Chinese imports - News Summed Up

Manmohan Singh: Demonetisation caused unemployment, spike in Chinese imports


“What has happened to the growth rate of the economy since NDA came to power? In the ten years of UPA I and II, when I was the prime minister we produced 7.8% GDP growth on average. “I must point out that while denigrating the past, the prime minister also tends to exaggerate what he will do in the future. On the issue of demonetisation and GST, Singh said that the decisions taken by the NDA government have caused much disruption to the economy and affected farmers and small enterprises. “This unprecedented increase of imports, which is more than 23% increase in a year, can be attributed largely to demonetisation and GST.


Source: Mint November 07, 2017 08:07 UTC



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