Finance minister Arun Jaitley: Economic growth has increased

New Delhi Nov 30: Finance minister Arun Jaitley said on Thursday that the trend of deceleration in economic growth on account of structural reforms has reversed.

Jaitley said that the 6.3% growth in gross domestic product (GDP) in the September quarter compared to 5.7% in the June quarter of 2017-18 showed a turnaround in the trend of slowing growth witnessed in the preceding five quarters

"Additionally, this indicates that perhaps the impact of structural reforms is behind us and, hopefully, we can look for an upward trajectory," the minister said.

The government demonetized high-value currency notes last November and rolled out the goods and services tax (GST) in July this year, both of which impacted liquidity in the system and supply chains.