According to the first advance estimates of national income released by the Central Statistics Office on Friday, December 5, the economy is expected to grow at a four-year low of 6.5 percent this fiscal. GDP growth was 7.1 percent last fiscal. Before this, the slowest expansion in GDP was in 2013-14, when it grew by 6.4 percent.
The CSO anticipates that the growth of real gross value added (GVA) at basic prices in 2017-18 maybe 6.1 percent against 6.6 percent in 2016-17.
What has pulled down the growth is the poor performance of agriculture, mining and construction sectors, along with the lingering impact of demonetization and the Goods and Services Tax (GST).
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CSO: Growth to be lowest this fiscal at 6.5%
By IndianMandarins - 2018-01-06 11:21:06
According to the first advance estimates of national income released by the Central Statistics Office on Friday, December 5, the economy is expected to grow at a four-year low of 6.5 percent this fiscal. GDP growth was 7.1 percent last fiscal. Before this, the slowest expansion in GDP was in 2013-14, when it grew by 6.4 percent.
The CSO anticipates that the growth of real gross value added (GVA) at basic prices in 2017-18 maybe 6.1 percent against 6.6 percent in 2016-17.
What has pulled down the growth is the poor performance of agriculture, mining and construction sectors, along with the lingering impact of demonetization and the Goods and Services Tax (GST).
