Statistics Of­fice may Lower Growth Es­ti­mates on DeMo Im­pact

The Economic Times - - Front Page -

The sec­ond of­fi­cial es­ti­mate of GDP growth due on Tues­day is likely to show the econ­omy ex­panded be­low 7% in FY17, tripped by the No­vem­ber 8 de­mon­eti­sa­tion that dented the con­sump­tion de­mand. The Cen­tral Statistics Of­fice’s (CSO’s) first es­ti­mate re­leased on Jan­uary 6 pegged growth at 7.1% in FY17, but it did not in­clude the im­pact of de­mon­eti­sa­tion.

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