WION Web Team New Delhi, Delhi, India
Oct 04, 2017, 06.17 PM
Prime Minister Narendra Modi lashed out at his government's critics on Wednesday, saying that while he accepted growth rates had fallen recently, he also said "I assure that the steps being taken by the government will put the country in a new league of development".
Modi was speaking in Delhi at the golden jubilee celebrations of the Institute of Company Secretaries of India.
His government has come under severe criticism of late for its handling of the economy -- GDP growth has fallen consecutively over the last six quarters.
Modi's critics have said the two "shocks" of demonetisation and GST have not helped matters.
Modi referred to both of them in his address.
He said demonetisation has brought the cash-to-GDP ratio down to 9 per cent from an earlier 12 per cent.
And he said that he had told the GST council to look into the problems being faced by traders and that "we are willing to make changes as per the suggestions".