Rs 2,000 note withdrawal can boost GDP growth: Report
1 year, 6 months ago

Rs 2,000 note withdrawal can boost GDP growth: Report

India TV News  

The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday. "We expect Q1 FY24 GDP growth at 8.1 per cent with an upward bias due to the impact of Rs 2000 note withdrawal event. The SBI economists also said that the RBI move is expected to increase donations to temples and other religious institutions through Rs 2,000 notes and will push sundry purchases like consumer durables and boutique furniture. As per the note, the RBI's retail central bank digital currency, which is being tested in a close user group already, will also benefit from the move to withdraw Rs 2,000 notes.

History of this topic

97.76 per cent of Rs 2,000 currency notes returned, says RBI
7 months, 3 weeks ago
Impact of ₹2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February
9 months, 4 weeks ago
RBI says 88% of ₹2,000 notes returned to banks
1 year, 4 months ago
Withdrawal of Rs 2,000 note won't harm economy: RBI Governor Shaktikanta Das
1 year, 5 months ago
‘Over Two-Third Of Rs 2,000 Notes Have Returned To System’: RBI Governor
1 year, 5 months ago
Two-thirds of Rs 2,000 notes returned within a month of withdrawal: RBI Guv Shaktikanta Das
1 year, 5 months ago
RBI Has No Plan To Withdraw Rs 500 Note Or Bring Rs 1,000 Note; All You Need To Know
1 year, 6 months ago
RBI Monetary policy: GDP growth estimate for FY24 maintained at 6.50%
1 year, 6 months ago
Currency In Circulation Rises In Value, Volume In FY23, Says RBI's Annual Report
1 year, 6 months ago
RBI says India’s growth momentum to continue in FY24; stresses on structural reforms
1 year, 6 months ago
Slow withdrawal: on the RBI and the ₹2,000 note
1 year, 7 months ago
Rs 2,000 note will continue to be legal tender, no reason to rush to banks: RBI
1 year, 7 months ago
Purpose Of Printing Rs 2,000 Currency Notes Has Been Fulfilled: RBI Governor Shaktikanta Das
1 year, 7 months ago
Demonetisation in India in 10 stories: Understanding the Rs. 2000 ban
1 year, 7 months ago
India announces surprise withdrawal of highest-value banknotes
1 year, 7 months ago
Why RBI is withdrawing Rs 2,000 notes from circulation?
1 year, 7 months ago
Rs 2,000 notes to be withdrawn from circulation. Funny reactions flood social media
1 year, 7 months ago
'First Act, Second Think': Opposition as RBI withdraws Rs 2,000 notes
1 year, 7 months ago
Demonetisation has come full circle: P Chidambaram as Rs 2,000 notes withdrawn
1 year, 7 months ago
Rs 2,000 notes withdrawn from circulation: The full story
2 years, 8 months ago

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