Insta
DeMo Didn’t Hurt? Indian Economy Registers A Healthy 7 Per Cent Growth Rate In Q3
Workers manage machines at a factory of Sona Koyo Steering Systems in Dharuhera, south of New Delhi. (Chandan Khanna/AFP/Getty Images)
India’s gross domestic product (GDP) growth rate registered a healthy 7 per cent during the demonetisation period from October to December last year.
GDP growth rate during 2016-17 is estimated at 7.1 per cent, reported ANI, which is a 0.8 per cent fall from the 7.9 per cent figure from 2015-16.
Economic Affairs Secretary Shaktikanta Das said the Indian economy held its own despite the negative projections.
Several predictions emerged in the wake of demonetisation. While Goldman Sachs predicted GDP growth to fall by 1.1 per cent, Care Ratings estimated a drop of 0.3-0.5 per cent. The Centre for Monitoring Indian Economy even had a precise figure for economic loss.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
