Shri Jayant Sinha, MoS Civil Aviation in conversation with Chahat Jain of BWBusinessworld on Demonetisation says “demonetisation has been received with tremendous enthusiasm & the support by the people of India and it has already been proved by sweeping wins in Gujarat, Maharashtra & Madhya Pradesh elections, he says"
He also said “We are new creating a new normal for India where corruption, terrorism and smuggling is going to come down and tax collections will go up.” Minister later added that “It’s too early to state the impact on the economy, but it’s likely this quarter there maybe a slowdown in GDP growth and many economists said it may vary from 0.5 to 1.5-2% decline in GDP growth rate.”
