AHMEDABAD: Chief Economic Advisor Arvind Subramanian today said demonetisation and GST rollout may have "reinforced" the growth deceleration that had already set in.He also exuded confidence that "we will soon come out from these two policy experiments" and regain growth. "I think that deceleration in growth, if you look at numbers, actually preceded before these two actions. It's quite possible that these two steps (demonetisation and GST) reinforced the deceleration...I think we will soon come out from these two policy experiments and get back to the growth path," he said. "GDP would bounce back with better credit growth, investment growth and growth in exports, as Indian economy has the potential to grow at 8 to 10 per cent. "So, these sectors have to improve for job creation to pick up," Subramanian said.

Source: Economic Times November 29, 2017 17:15 UTC