Demonetisation effect? GDP down to 6.1 per cent in Q4, economy grew at a low 7.1 per cent in 2016-17 - News Summed Up

Demonetisation effect? GDP down to 6.1 per cent in Q4, economy grew at a low 7.1 per cent in 2016-17


The latest government data says while agriculture grew at 5.2 per cent in Q4, manufacturing saw a growth of 5.3 per cent. Earlier this week, the World Bank had estimated that India's GDP in the current fiscal would grow at 7.2 per cent. In its earlier projection of GDP growth for the last fiscal, the CSO had said the economy will grow at 7.1 per cent. During the third quarter ended December, India's GDP grew at 7 per cent. Also read:India to clock 7.1 pc GDP this year, 7.5 pc in 2018: UN reportDemonetisation pulls down India's GDP growth to 7 per cent in Q3Also watch:This 11-year-old Dalit boy rips apart demonetisation like no other


Source: India Today May 31, 2017 12:36 UTC



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