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First Advance Estimates released by the Central Statistics Office (CSO) the economy is estimated to grow at 7.1 per cent in 2016-17 as compared to the growth of 7.9 per cent achieved in 2015-16

News and Press Release - Dated:- 3-2-2017 - As per the . Data on Gross Domestic Product (GDP) for the quarter October-December, 2016 and January-March, 2017 is yet to be released by the CSO. The International Monetary Fund, in its World Economic Outlook Update, released in January 2017, has estimated that India s growth in 2016-17 would be 6.6 per cent, as compared to 7.6 per cent in the previous year. As per the first advance estimates released by the CSO, the growth rate in agriculture and all .....

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creased coverage under Fasal BimaYojana scheme and augmentation of the Long Term Irrigation Fund set up in NABARD. The rural economy is also expected to be supported by the emphasis given by the Budget on employment generation. The manufacturing sector is likely to benefit from measures announced in the Budget 2017-18 like lower income tax for companies with annual turnover up to ₹ 50 crore; allowing carry-forward of MAT credit up to a period of 15 years instead of 10 years at present; fur .....

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