President Pranab Mukherjee says government’s demonetization move will improve the transparency of economy

President Pranab Mukherjee has said it is his firm conviction that India's pluralism and her social, cultural, linguistic and religious diversity are the greatest strength of the country. Addressing the nation on the eve of Republic Day, he said, India's tradition has always celebrated the argumentative Indian. 

Mr Mukherjee also said the government's demonetisation move will improve the transparency of the economy. He however, said, the



demonetisation while immobilizing black money and fighting corruption, may have led to temporary slowdown of economic activity. 

Mr Mukherjee said, the country is on the path of fiscal consolidation and the inflation level is within comfort zone. He said despite a population of 1.3 billion, the per capita income has shown a ten- fold increase and poverty ratio has declined by two- thirds.