Insta
Government Estimates GDP Growth Of 7.1 Per Cent In 2016-17
Swarajya Staff
Jan 06, 2017, 06:43 PM | Updated 06:43 PM IST
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The government has estimated economic growth to slow to 7.1 percent in 2016-17. This figure has been arrived at without taking into consideration the impact of demonetisation. The actual expansion in the first six months of 2016-17 stood at 7.1 per cent.
The previous year saw India registering an economic growth of 7.6 percent.
GDP Growth during 2016-17 estimated at 7.1%, as compared to 7.6% in 2015-16
— PIB India (@PIB_India) January 6, 2017
As per First Advance Estimates of National Income, 2016-17
On the back of the government’s scrapping of old high-value denomination banknotes, Reuters reports, most private economists have projected India's growth to record 6.3-6.4 per cent for the 2016-17 fiscal year, ending this March.
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