NITI Aayog vice-chairman Arvind Panagariya points to “reasonably firm” inflation to argue that there was no sharp dip in demand during the period. While some critics are sceptical of the 7% GDP growth reported for Q3FY17, when demonetisation had impacted cash-based consumption and other economic activity, especially in the rural and informal sectors, NITI Aayog vice-chairman Arvind Panagariya points to “reasonably firm” inflation to argue that there was no sharp dip in demand during the period. In an interview with FE’s Prasanta Sahu and KG Narendranath, he says that India can’t afford a universal basic income scheme. But under […]
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