Congress’ dangerous claws will snatch your rights: Modi
Modi said that women preserve gold, silver, and household items for their children. Congress and SP have noticed this.
Prime Minister Narendra Modi on Tuesday said the note ban decision has not damaged India’s economic growth and the latest Gross Domestic Product (GDP) numbers have proved it.
“Fear that note ban will wipe out growth has been proved wrong by the latest GDP figures which indicate the country is on the path of development,” Modi said, adding, “India is developing at a quick pace”.
“Some people said everything is destroyed by demonetisation of old notes. But the numbers show a different picture,” Modi said.
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Talking about inflation numbers, the prime minister said, “No Opposition party raised the issue of inflation during campaigning in five states; this means our government has been successful in controlling it”.
According to government data released on February 28, the Indian GDP growth for the quarter ended December 31, 2016 (Q3 FY16-17) was 7 per cent, which is better than expected.
Meanwhile, global rating agency Fitch on Tuesday raised India’s GDP growth forecast to 7.1 per cent for the current fiscal.
“Fitch now expects Indian GDP to grow by 7.1 per cent for FY16-17, before picking up to 7.7 per cent in both FY17-18 and FY18-19,” the Fitch report said.
However, Reserve Bank Deputy Governor Viral V Acharya on Monday said the demonetisation impact on GDP may be seen in the current quarter in some segments.
The Union government announced demonetisation or note ban of Rs.500 and Rs.1,000 notes on November 8 midnight to curb black money and terrorism and promote digital transactions.
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