(ET)
India’s economy will continue its momentum despite demonetisation and achieve an eight per cent growth next year, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan has said.
“Last November, we demonetised 85 per cent of our currency in circulation and even after that India’s GDP continues to grow. According to recent data, growth for the September- December quarter stood at 7 per cent,” Pradhan said in his keynote address at the 2017 Massachusetts Institute of of Technology (MIT) Energy Conference here yesterday. Pradhan expressed confidence that India will “exceed” seven per cent overall growth rate this year and “achieve 8 per cent in the next year”.
