Growth started slow­ing be­fore de­mon­eti­sa­tion

Mint Asia ST - - Chart Of The Week -

10 8 9.13 8.65 5 Mar 2016 Year-on-year growth (in %) Growth at con­stant prices GDP econ­omy was al­ready weak­en­ing be­fore the

In­dus­try has been the worst hit

GVA in both gross do­mes­tic prod­uct (GDP) and gross from the June 2016 quar­ter. The fact that growth 5.72 5.55 Jun 2017 Chart 1 shows the depth of the slow­down, with growth value-added (GVA) at con­stant prices steadily fall­ing started ta­per­ing be­fore de­mon­eti­sa­tion in­di­cates the de­mon­eti­sa­tion shock hit it. The fall in growth in the June quar­ter is also on ac­count of the dis­rup­tion caused by the in­tro­duc­tion of the goods and ser­vices tax (GST).

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