In the midst of growing uproar against the government by the Opposition, Prime Minister Narendra Modi today silenced the critics of his government at an event in ICSI in Delhi.

Prime Minister Narendra Modi, while addressing company secretaries at the inauguration of Golden Jubilee Year of the ICSI in Delhi, said that after demonetisation, cash to GDP ratio has come down to nine per cent.

He said that before November 8 last year it was 12 per cent.

He also targeted the previous UPA government saying that during its tenure there were 8 instances when GDP was below 5.7 per cent.

"There are some people who sleep well only after they spread a feeling of pessimism all around. We need to recognise such people," said PM Modi in a veiled attack on the Opposition.

Talking about growth the prime minister said that the Reserve Bank of India has predicted a growth of about 7.7 per cent in the coming quarters.

Need to recognise people who spread negativity: PM Modi on critics of the govt

Prime Minister Narendra Modi today slammed the Opposition by saying that it was spreading pessimism about the NDA government.