World economy was growing, we slowed down: Rajan on note ban
Former RBI Governor Raghuram Rajan has said that note ban slowed down India's economic growth at a time when the world economy was growing and it impacted the GDP significantly. "The twin blow of demonetisation and GST [impacted India's growth]," he added. The reformist tax system could have been implemented in a much better manner, he further said.