Prime Minister Narendra Modi's big decision to Ban notes of 500-rupee & 1,000 rupee resulted fall in GDP Growth and Economy but India Retains Fastest Growing Tag.
PM ordered the removal of high-currency notes or around 86% circulation of currency, keeping economy to slide mainly a cash-reliant economy.
In the third quarter of 2016 country's economic growth increased to 7.4 per cent from last year. Since growing at unexpected pace of 7 per cent in the third quarter resulted to retained the tag of fastest growing major economy in the world compare to Chinese economy which registered 6.8 per cent growth in the last quarter of 2016.
0 comments:
Post a Comment
Note: only a member of this blog may post a comment.