Monday, March 17, 2025 | 12:57 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

China benefiting from 'demonetisation blow' to Indian economy: Manmohan

Even if growth reaches to 6.7%, it is still less than UPA's 10-yr average of 10.6%, says Manmohan

Manmohan Singh
Premium

Manomhan Singh

BS Web Team New Delhi
Former Prime Minister Manmohan Singh on Saturday launched a scathing attack against Modi government, saying none of the objectives of demonetisation have been met.

Addressing professionals and businessmen in Surat before the crucial Gujarat polls, he said, "Demonetisation cost us Rs 1.5 lakh crore in the economy. Note ban converted black money to white while poor suffered. GDP growth rate in the first quarter fell to 5.7%. Even if the growth reaches to 6.7% in 2017-18, it is still less than UPA's 10 year average of 10.6%."

He further added, "I invoke memories of more than 100 people who lost their

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in