Hailing demonetisation as a step in right direction, Union Steel Minister Chaudhary Birender Singh on Monday said it will bring about desired changes in the economy.

Addressing Budget Aaj Tak on 'Notebandi Ka Asar', the minister said there has been record production of rabi and kharif crops though some sectors were impacted by the note ban.

Singh also said that with cash back in circulation, the initial hardships faced by people have been eased.

Making a distinction, he said he has seen the functioning of both the Congress and the BJP governments and the current one has the ability to take decisions.

The decision of demonetisation will bring in positive changes in the economy, the minister asserted.