Page 31 - Banking Finance December 2016

ARTICLE

DEMONETISATION: A

GREAT REFORMIST,

REVOLUTIONARY

ECONOMIC

INITIATIVE

Transforming Bharat's Economic Growth Rate
Into Higher Growth Trajectory

G reat economic reformist initiative, after indepen- has addressed number of issues some are like- issue of a

parallel economy, counterfeit currency in circulation and
dence, has been initiated by our Prime Minister
Shri. Narendra Modi Govt. It is a bold, dynamic
terror financing etc.
and revolutionary step, and will go a long way in
strengthening the economic fundamentals of the country Every bhartiya, like me is today happy and proud of Narendra
and cleaning the black money, which has been menacingly Modi, who has initiative such a dynamic move for the wel-
causing deep concern for our economic growth and hard- fare of the poor people of this country and he has enhanced
ship to poor -honest people of the country. Bharats image globally.
No doubt today he is a global brand, the world leadership look
A historic decision which will be always appreciated and will
always remain in the annals of history. A visionary dynamic at him for his leadership and economic reform agenda which
he has initiated.
leader country has ever seen-Narendra Modi, and a huge-
gigantic visionary step he has embarked upon, which no The Bhartiya economy has been provided a new lease of
doubt will transform Bharats economy speedily and will life radically--with huge positive impact on liquidity position,
usher in an era of honesty, integrity and accountability. He inflation situation, fiscal and external deficit in the short
term.
About the author
Over the next two-three years, there will be speedily im-
Dr. Ashish Barua provement in Bharat's position on transparency and corrup-
Economist, BA BEd, LLB ,MBA , PhD (Eco), tion in the global stage will further add to its investor ap-
D. Litt. (Economics) peal. With GST on the anvil, India is now on the cusp of higher
Former Director Indian Institute of Rural Management growth trajectory.

BANKING FINANCE | DECEMBER | 2016 | 31

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