New Delhi:
Chief Economic Advisor Arvind Subramanian on Tuesday addressed the media after Finance Minister Arun Jaitley tabled the Economic Survey in Parliament.
Here are the highlights:
#Demonetisation has short term costs, potential long term benefits
#Not appropriate to do a before-after analysis of GDP growth, with respect to demonetisation
#Bank credit affected by demonetisation, seems like it has come down. Overall picture is mixed
#Currency squeeze was less severe than perceived
#What demonetisation has done is both simultaneously reduced supply of cash, but by the same token it has increased supply of deposits
#Demonetisation has actually affected different forms of money very differently
#The past year has had robust macroeconomic stability
#The document aims to provide objective analysis
