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Union Power minister Piyush Goyal said the impact on growth due to demonetisation was “temporary” and assured that “buoyancy would return” to the Indian economy soon.
Goyal was addressing a seminar at the Vibrant Gujarat summit in Gandhinagar.
“We had said this since day one that there will be some problem, and even GDP may go down. In a country where 25-30 per cent of the economy is informal, GDP is bound to be affected,” he said.
He stressed on transparency in the regulatory process, insisting that policymakers and regulators must work together