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FY17 GDP growth faces cash crunch heat

Brokerages see stress in the economy in 2HFY17, downgrade GDP growth estimates from 10 to 330 bps

Sheetal Agarwal  |  Mumbai 

The government’s move withdrawing Rs 500 and Rs 1,000 currency notes, popularly referred to as demonetisation, has dashed expectations of a pick-up in consumption in the second half of the current financial year. Led by multiple reasons like a normal monsoon after two weak years, higher pay for government employees, increased infrastructure spending and so on, economists and market participants were hoping for a pick up in India’s gross domestic product (GDP) and corporate earnings. On the contrary, experts now believe GDP growth in the second half could be lower than ...

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FY17 GDP growth faces cash crunch heat

Brokerages see stress in the economy in 2HFY17, downgrade GDP growth estimates from 10 to 330 bps

Brokerages see stress in the economy in 2HFY17, downgrade GDP growth estimates from 10 to 330 bps The government’s move withdrawing Rs 500 and Rs 1,000 currency notes, popularly referred to as demonetisation, has dashed expectations of a pick-up in consumption in the second half of the current financial year. Led by multiple reasons like a normal monsoon after two weak years, higher pay for government employees, increased infrastructure spending and so on, economists and market participants were hoping for a pick up in India’s gross domestic product (GDP) and corporate earnings. On the contrary, experts now believe GDP growth in the second half could be lower than ... image
Business Standard
177 22

FY17 GDP growth faces cash crunch heat

Brokerages see stress in the economy in 2HFY17, downgrade GDP growth estimates from 10 to 330 bps

The government’s move withdrawing Rs 500 and Rs 1,000 currency notes, popularly referred to as demonetisation, has dashed expectations of a pick-up in consumption in the second half of the current financial year. Led by multiple reasons like a normal monsoon after two weak years, higher pay for government employees, increased infrastructure spending and so on, economists and market participants were hoping for a pick up in India’s gross domestic product (GDP) and corporate earnings. On the contrary, experts now believe GDP growth in the second half could be lower than ...

image
Business Standard
177 22