Growth Picking Up, Effect Of GST, Notes Ban Fading: Arvind Subramanian | Read

Economic growth is picking up with the impact of GST rollout and notes ban dissipating, Arvind Subramanian, chief economic advisor at finance ministry, said today. Finance Minister Arun Jaitley earlier in the day tabled the Economic Survey, which forecasts growth to accelerate to between 7 per cent and 7.5 per cent in the next fiscal year, starting April 1, 2018. "The temporary impact of GST and demonetisation has dissipated. Directionally, economy is picking up nicely and exports have picked up quite briskly in last three quarters," Dr Subramanian said at a media briefing.