Srinivasan, the Samuel C Park Jr Professor Emeritus of Economics at Yale University, further said there is no economic theory to link job losses to demonetisation and implementation of the Goods and Services Tax (GST).
In an interview with CNBC-TV18, leading economist TN Srinivasan, currently professor at Yale, along with Nomura's Neeraj Gambhir, discussed the appointment of Dr Urjit Patel as Governor of Reserve Bank of India.
TN Srinivasan, Economics Professor at Yale University tells CNBC-TV18 that it is very difficult for the Indian economy to retain its 9 percent kind of GDP growth witnessed between 2007 and 2009.