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Indian economy is not in a good state: Manmohan Singh

| | Jan 30, 2017, at 11:50 pm
#IndianEconomy #PrimeMinister #NarendraModiUnionBudget #ManmohanSingh
New Delhi, Jan 30 (IBNS): Former Indian Prime Minister Manmohan Singh on Monday said the current situation of Indian economy is not good.

"That the Indian economy is not in a good state is obvious," he said while addressing a press conference here.

"Even IMF has downgraded our GDP growth to below 7%," he said.

Singh made the remark days before the Centre is gearing up to present its Union Budget.

The Centre on Nov 8 had made a major move when it banned old Rs 500 and Rs. 1000 currency notes.

 

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