Resolve bad loans for quick growth—सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील बातमी वाचावी.

India’s GDP growth slumped to a two-year low of 6.1% in the January-to-March quarter from 7% in the third quarter of 2016-17. This shows a noticeable impact of demonetisation that kicked off a month into the third quarter. This is not unexpected.
The Central Statistics Office (CSO) has maintained its earlier full-year growth estimate at 7.1% in its provisional estimates of national income for 2016-17. This is in line with the Economic Survey’s projection that demonetisation would impact economic growth, up to 0.5% in real terms. Real gross value added (GVA), by excluding indirect taxes from GDP, slowed down to 5.6% in the March quarter, factoring in a higher adjustment for inflation. Part of the reason is also statistical.

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