India's controversial demonetization move undoubtedly hurt growth, but its full impact on the economy hasn't been felt yet, the country's former central bank chief said.
"I don't know if we've measured it entirely. We may have to wait for revisions to GDP to get the full sense of how much [may] have happened in the measurable portion," Raghuram Rajan, ex-governor of the Reserve Bank of India, told CNBC TV18 in an interview.
"I think undoubtedly it has had some effect because we were growing between 7.5 and 8 percent in the first quarter of 2016, and then we've slowed considerably since then. And we've slowed when the world economy had taken off," he added.