Accusing Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley of “misleading” the public, Congress spokesperson Anand Sharma said the GDP numbers have not factored in the adverse impact of demonetisation. File photomore-inThe Congress on Wednesday labelled the GDP numbers put out by the government as “highly suspect” and said they could dent India’s global credibility. Finance Minister Arun Jaitley, however, defended the numbers, saying that they belied the claims that demonetisation would have a strong adverse effect on the economy. It admittedly had led to a squeeze of currency,” Mr. Jaitley told reporters. Within the Q3 numbers, the manufacturing sector grew 8.3%, faster than the 6.9% registered in Q2.

Source: The Hindu March 01, 2017 19:37 UTC