“The financial system is under stress, financial conditions are very tight. This is not conducive for rapid growth,” he said.
Tag: Of Counsel: The Challenges of the Modi-Jaitley Economy
Modi Govt’s Former CEA Arvind Subramanian Admits: Demonetisation A ‘Massive, Draconian, Monetary shock’
He also said that economic growth slid by almost 2 percentage points in the quarters following demonetisation.