Former Reserve Bank of India Governor Raghuram Rajan said that demonetisation of Rs 1,000 and Rs 500 notes and implementation of Goods and Services Tax (GST) adversely affected India’s economic growth.
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Speaking at the University of California in Berkley on Friday, Rajan said that the seven per cent growth rate is not enough to meet the country’s needs.
He said that if India goes below seven per cent, then it must be doing something wrong.
Reuters
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