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Raghuram Rajan Would Never Have Agreed to Demonetisation: Gurumurthy

Mon, Dec 12, 2016, 10:47 PM
S Gurumurthy is an RSS ideologist and it is assumed that he also played a part in PM Narendra Modi going for a demonetisation in the country. Gurmurthy said that irrespective of former PM Manmohan and Amartyasen's opinions, the Indian economy had gone for a toss, since 2004. Gurumurthy backed his argument, through the statistcs comparing the growth scenario between 1994-2004 and 2004- till today. Murthy clarified that over 5% nominal growth rate could give 60 million job opportunities between 1994-2004 and over 8 % growth rate failed to do so after 2004.
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