While responding to queries to news agency ANI, Kumar said slowing of growth rate came down the post-demonetisation period was not due to the decision to ban notes, but because there was a declining trend in the economy. Elaborating further, he lay the blame squarely on Rajan, suggesting that his stressed account policies led to a surge in NPAs in the banking sector.
from Times of India https://ift.tt/2LRUYS7
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