GDP growth at 3 year low as note ban takes a toll - The Hans India

New Delhi: Hit hard by demonetisation, India lost the tag of the fastest growing economy to China in the March quarter with a GDP growth of 6.1 per cent, pulling down the 2016-17 expansion to a three-year low of 7.1 per cent. The bad news of the ...

Note ban makes India fall behind China in GVA growth, but agriculture improves - Yahoo India News

Prime Minister Narendra Modi's note ban impacted the Indian economy massively in the fourth quarter of Financial Year 2016-17, bringing down its growth in terms of gross value added (GVA) from 8.7% in the same period last year to 5.6%. India's full ...

DeMolished India's top rank - Calcutta Telegraph

New Delhi, May 31: India is no longer the fastest-growing major economy in the world: it has lost its bragging rights to China. The Central Statistics Office (CSO) today put out its provisional estimates on national income that showed real GDP growth ...

Gauging note ban hit a complex task: Anant - Business Standard

The government has refused to state demonetisation as a primary reason for gross domestic product (GDP) growth falling to a four-quarter low of 6.1 per cent in January-March of 2016-17. Chief Statistician T C A Anant said at a press conference the ...

Moody's forecast to lift mood - Calcutta Telegraph

Mumbai, May 31: India's economic growth in the fourth quarter of 2016-17 may have slowed because of demonetisation, but it could accelerate to 7.5 per cent in the current fiscal, while the government's reforms will help the country to achieve an 8 per ...

India's economy grows at slowest pace since 2014 - The Straits Times

NEW DELHI • India's economy grew at the slowest pace in more than two years in the first quarter of this year, dragged down by Prime Minister Narendra Modi's cash ban in November and the weight of the country's bad bank debts. The unexpectedly slowed ...

India no longer fastest growing economy in the world: 10 points - India.com

The weak GDP data will be a setback for Narendra Modi government, which completed three years in office last week. By Zeeshan Shaikh | Published: June 1, 2017 1:11 AM IST Follow Email. 0 Shares. Facebook share; Twitter share; Share on Google+ ...

Economy slows to 3-year low - The Tribune

Demonetisation of high-value notes hit India's economic growth in financial year 2016-17 which slowed down to 7.1% with the growth for the fourth quarter of the year falling sharply to 6.1%. Experts said it appears that the 2016-17 was already seeing ...

Impact of note ban seen in Q4 data - Deccan Chronicle

India loses fastest growing economy tag to China, records slowest GDP growth in three years. GDP had grown by 8 per cent in 2015-16, 7.5 per cent in 2014-15 and 6.4 per cent in 2013-14, according to new series. New Delhi: The economy hit a bump in ...

India is no longer the fastest-growing economy - The Hindu

India lost its fastest-growing major economy tag in the fourth quarter of 2016-17, with GDP growth coming in at 6.1% compared with China's 6.9% in the same period. Data from the Ministry of Statistics on Wednesday showed GDP grew 7.1% in the financial ...

Moody's pegs economic growth at 7.5% in FY18 - Deccan Herald

India's economic growth will accelerate to 7.5% in current fiscal and the government's reform push will help achieve 8% GDP growth rate in about four years, Moody's said on Thursday. In itsGlobal Macro Outlook, Moody's Investors Service said the ruling ...

Expert Views - India's economy grows 6.1 percent in Jan-March | Reuters - Firstpost

MUMBAI India's economy grew 6.1 percent in the three months through March from a year earlier, slowing from a provisional 7.0 percent in the previous quarter, government data showed on Wednesday.That was much lower than the forecasts for annual ...

India's annual GDP growth slowed to 7.1% after historic demonetization - Nikkei Asian Review

NEW DELHI -- India's demonetization drive that sucked 86% of cash out of circulation has most likely hurt its economy, with a government report revealing that year-on-year growth slowed to 6.1% in the January-March quarter. The data released Wednesday ...

Construction sector performed particularly poorly during Q4FY17: Panagariya - Business Standard

The revised estimates of India's gross domestic product (GDP), released by the Central Statistics Office (CSO) on Wednesday, showed that the economy slowed down to 6.1 per cent in the fourth quarter of 2016-17, from 7.9 per cent in the first quarter.

Indian economy grew at 7.1% in 2016-17, Q4 GDP growth at 6.1% - ABP Live

New Delhi: India's gross domestic product during the past fiscal grew at a lower rate of 7.1 per cent, the official statistician said on Wednesday. "Real GDP at constant (2011-12) prices for the year 2016-17 is estimated at Rs 121.90 lakh crore showing ...

Growth Lower Than Expected: Has Notes Ban Hit Economy Hard? - NDTV

The latest Gross Domestic Product or GDP numbers show unexpected slowdown of growth to 6.1 per cent - the lowest in more than two years - against the 7.1 per cent forecast by analysts. With China's growth rate at 6.9 per cent for the same quarter ...

Indian economy growing steadily despite global headwind: FICCI - New Kerala

New Delhi , May 31 : Despite the ongoing global economic headwind, the Indian economy is moving steadily on the growth trajectory, according to the Federation of Indian Chambers of Commerce and Industry (FICCI).

Slowdown in GDP growth intensified by note ban, notes ICRA - New Kerala

New Delhi , May 31 : Soon after the Central Statistics Office (CSO) released the new estimates of the growth of the Gross Domestic Product (GDP) in the fourth quarter of the current financial year, credit-rating body ICRA asserted that the slowdown in ...

A hard fall - Business Standard (press release) (registration) (blog)

For the second time in a row, economic growth data released by the Central Statistics Office (CSO) on Wednesday have surprised everyone. On the face of it, there was not much change in the full-year provisional estimates for gross domestic product (GDP ...

Note ban shows up in India's growth, economy grows 6.1% in March quarter - Economic Times

NEW DELHI: India's growth slumped to a two-year low and the country ceded its top ranking as the world's fastest-growing economy back to China in the March quarter, suggesting that the effects of November's note swap were rippling through the economy.