Modi flying blind into budget as Indias GDP a guessing game

January 09, 2017 10:00

Prime Minister Narendra Modis administration will probably have to prepare Indias $300 billion budget in the dark.

With less than a month to go before the annual presentation, his Statistics Office has refused to estimate the impact of Modis unprecedented cash clampdown on gross domestic product. All it said was that growth will slow to a three-year-low before the effects of the ban start to show.

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