The effect of the notes ban on gross domestic product (GDP) growth in FY17, as estimated in the Economic Survey presented to Parliament on Tuesday. The first official acknowledgement of demonetisation’s impact on the economy revises a baseline growth of 7% down to 6.5-6.75%. The government took potshots at and challenged unofficial estimates, as most have factored in a larger impact of demonetisation on GDP. Tell me more: GDP growth in FY18 is expected to be between 6.75% and 7.5%, still lower than FY16’s 7.6%. The number of iPhones sold by Apple in the last quarter.

Source: Mint February 01, 2017 05:46 UTC