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Current growth of 7-8% is reasonable by Indian standards: Jaitley

Finance Minister Arun Jaitley on Thursday reportedly dismissed suggestions that the decline in GDP growth was on account of demonetisation. Jaitley reportedly said several factors including the global situation are responsible for the drop in growth to 6.1 percent in the fourth quarter of 2016-17. “The last three years have been challenging for global economy and trade, and the current growth of 7-8 per cent is fairly reasonable by Indian standards and good by global standards,” he added.

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