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GDP to grow slower at 7.1% in FY17; note ban not factored in

News and Press Release - Dated:- 7-1-2017 - New Delhi, Jan 6 (PTI) Economy will grow at a slower pace of 7.1 per cent this fiscal, as against 7.6 per cent last year, mainly due poor showing by manufacturing, mining and construction, government data s .....

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at this point the drop (in GDP estimates) is not attributable to any policy change (demonetisation). Economists and experts have been repeatedly talking about the adverse impact of note ban, effected on November 9, on GDP in near term including in th .....

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lity because of major policy change. He explained that the CSO has factored in all latest data available so far while arriving at a conclusion the economic growth will be 7.1 per cent this fiscal. He also said that CSO does not make adhoc estimates a .....

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nomic Affairs Secretary Shaktikanta Das said, Being a statistical organisation, CSO has to go on real statistics and we cannot expect them to go on the basis of impressions and anecdotal evidence. Several economists have predicted that growth will sl .....

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