RBI Cuts Rates, Note Ban hit GDP Growth- India Inc.

In the January -March quarter after GDP growth data it showed 6.1% and the government not ban move clearly and it has a greater impact on Indian Economy.

RBI has called to reduce the rates interest rates and to boost confidence and need to be together for the sake of jobs. In the current financial year it only impacts by the demonetization.

Remonetisation process is completed and its growing impact is gaining momentum.
Ficci President Pankaj Patel is expecting to gather pace for the current year.

The economy had been remonetised and other sector's issues because of the bank's inability and the over leveraged sector. They banned 86% of country's cash circulation and also government also announced that they have taken the decision to demonetize high currency notes on November 8 last year. It is said by Assocham President.

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