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Estimate of economic growth in Q4 reveals downside surprise

The slowdown in GVA growth in Q4FY17 partly reflects an unfavourable base effect

Naresh Takkar 

The data on gross domestic product (GDP) and gross value added (GVA) for FY17 (financial year 2016-17) released by the Central Statistics Office has presented some surprises.  Contrary to our anticipation that the gradual remonetisation would result in a sequential uptick in growth in fourth quarter (Q4) of FY17, GVA growth has recorded a broad-based and considerable decline to 5.6 per cent in Q4FY17 from the revised 6.7 per cent in third quarter (Q3) of FY17. The only sub-sectors defying this trend are mining and quarrying, public administration, defence and other services, ...

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First Published: Thu, June 01 2017. 02:34 IST
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