Gauging note ban hit a complex task: Anant

How a particular policy affects the figure is a complex task, says T C A Anant Chief Statistician

The government has refused to state demonetisation as a primary reason for gross domestic product (GDP) growth falling to a four-quarter low of 6.1 per cent in January-March of 2016-17.

Chief Statistician T C A Anant said at a press conference the effects of policies such as demonetisation cannot be concretely tied to one figure and the economy was still dynamic. “Disentangling from a web of policies, (arriving at) how a particular policy affects the figure is a complex task,” Anant said. Also, finding the exact effect of demonetisation on the economy's growth might not be possible in the near future.

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