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Shockwaves of demonetisation and GST have held economy back: Raghuram Rajan
The two successive shocks of demonetisation and the GST had a serious impact on growth in India. Observing that India is sensitive to global growth, he said India has become a much more open economy, and if the world grows, it also grows more. With the oil prices going up, Rajan said things are going to be little tougher for the Indian economy, even though the country is recovering from the headwinds of demonetisation and initial hurdles in the implementation of the GST.
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