Finance Minister Arun Jaitley today said high rate of growth in agriculture and manufacturing sectors have contributed to the GDP of the third quarter of the current financial year. <br/><br/>Talking to media, Mr Jaitley said a 7 per cent expansion in third quarter belies exaggerated claims of note ban impact on rural economy. He said, remonetisation has picked up substantially and a combination of remonetisation, resilience of Indian economy and some signs of growth returning back to the world, are evident. He expects that in the future quarters this figure will grow further. <br/><br/>The Minister said, demonetisation has helped integration of informal with the formal economy, adding that the money which was deposited in the banks is now being spent through a system which is being recorded.<br/><br/>The Finance Minister who has just returned from a visit to the United Kindom, said both the government and the private sector investors in the UK are extremely buoyant as far as India is concerned.

Finance Minister Arun Jaitley today said high rate of growth in agriculture and manufacturing sectors have contributed to the GDP of the third quarter of the current financial year. <br/><br/>Talking to media, the Finance Minister said remonetisation has substantially picked up, and its combination with economic resilience will further the growth. He said he expects that in the future quarters, growth figures will improve. <br/><br/>The Finance Minister who has just returned from a visit to the United Kindom, said both the government and the private sector investors in the UK are extremely buoyant as far as India is concerned.