My apprehension is now proven to be true : Mamata Banerjee on drop of GDP

KOLKATA: Seven months after demonetisation, West Bengal chief minister Mamata Banerjee is back again criticizing "Note Bandi." Expressing concern over the 2 % drop in GDP, Banerjee said that her “apprehension” was not without a basis.

"Right at the time demonetisation, when was announced by the Central Government, I had voiced my concern that the country would have to face severe loss of jobs and drastic decline in productivity due to demonetisation. My apprehension is now proven to be true,"she written in a post in social networking site.

"The Q4 GDP figure this fiscal has come down to 6.1%. The corresponding GDP figure in the previous fiscal was 7.9%. So, the decline is nearly 2 per cent point. Rampant job loss has been reported across the country with the agriculture and unorganized sector in worst shape. What have the people, who pushed the country to this crisis, to say?" she asked.