GDP unhurt by note ban: PM

7 Mar 2017

Prime Minister Narendra Modi today said his government has been able to tame inflation which had gone out of control before 2014 and no political party could raise the issue during the polls in five states. Modi also said that after the decision to demonetise high value currency notes, "many lies were hurled, rumours were created" that the economy would disintegrate, but the GDP figures of the last quarter have proved that the country is on the path of "fast-paced development". The Prime Minister was speaking at an industry meet organised at ONGC Petro Additions Ltd's complex here.