Demonetisation may pull down Q3 GDP growth below 6%

As per projections made by Soumya Kanti Ghosh, this would be lowest expansion in at least 7 qtrs

Indivjal Dhasmana  |  New Delhi 

The note ban, enforced by the central government, might drag down growth in gross domestic product (GDP) to below six% in the third quarter of the financial year, if projections made by the International Monetary Fund (IMF) and State Bank of India Chief Economic Advisor Soumya Kanti Ghosh are correct. A key finance ministry official concurs with them.  The third quarter of the current financial year is the period when demonetisation took place. If the growth rate falls below six%, it would be the lowest expansion in at least seven quarters. Ghosh said GDP growth in ...

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Demonetisation may pull down Q3 GDP growth below 6%

As per projections made by Soumya Kanti Ghosh, this would be lowest expansion in at least 7 qtrs

As per projections made by Soumya Kanti Ghosh, this would be lowest expansion in at least 7 qtrs The note ban, enforced by the central government, might drag down growth in gross domestic product (GDP) to below six% in the third quarter of the financial year, if projections made by the International Monetary Fund (IMF) and State Bank of India Chief Economic Advisor Soumya Kanti Ghosh are correct. A key finance ministry official concurs with them.  The third quarter of the current financial year is the period when demonetisation took place. If the growth rate falls below six%, it would be the lowest expansion in at least seven quarters. Ghosh said GDP growth in ... image
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