"Demonetisation initiative by the government is a bold step aimed towards rooting out corruption and black money," he said at the foundation stone laying ceremony of Assocham's Kolkata office here.
The move would bring down inflation and boost growth. "People having negative thoughts about it should shed that. If we succeed, then this will bring a sustained growth in the economy," Tripathi said.
His comments on demonetisation were in sharp contrast to the views of West Bengal Chief Minister Mamata Banerjee who has been vociferous in opposing the move saying that it was causing immense hardship to common people and economy was being hurt.
Assocham, the apex chamber, which started functioning from the city in 1920 would build its own house in Salt Lake, according to president Sunil Kanoria.