Government data also showed retail inflation shot up to a 40-month high of 5.54% in November, inching closer towards the psychological mark of 6%.
In reply to another supplementary, he said the demand and supply system is not as good as it should have been.
The government had banned Rs 1,000 and Rs 500 denomination notes on November 8, 2016, with an aim to check black money, eliminate Fake Indian Currency Notes (FICN), among others.
The company produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, MSI said in a regulatory filing.
Minister attributes scarcity to low production in source States, while figures reveal surplus output under Onion Mission
He also urged India to join free trade agreements judiciously in order to boost competition and improve domestic efficiency.
Harish Rao also suggested the financial officers to do yoga and pranayama to get relief from mental stress.
Mast, a Member of Parliament from Ballia in Uttar Pradesh said that an atmosphere of the economic slowdown is being created to defame the government.
'Our sales in calendar 2019 will be lower at 15,000 units as compared to 17,000 in 2018,' Skoda Auto director Zac Hollis said.
Number of applications for property development projects has dipped year-on-year
Government expenditure accounts for 13.1 per cent of GDP as on September 2019 and is the sole spinning wheel in India's economic applecart.
The rating agency said that a slowing economy could exacerbate asset-quality tension for a sector grappling with weak recoveries and ageing provisions.
Government urged to spend on rural schemes, infrastructure to propel demand
Growth in the second half of 2019-20 will go up to 5.5 per cent, up from the 4.75 per cent in the first half, the agency said.
The report also said that the gross domestic product growth is expected to rise sharply in fiscal 2021 ending in March, to 7.1 per cent, from an estimated 5.7 per cent in fiscal 2020.