Demonetisation may pull down Q3 GDP growth below 6%

As per projections made by Soumya Kanti Ghosh, this would be lowest expansion in at least 7 qtrs

The note ban, enforced by the central government, might drag down growth in gross domestic product (GDP) to below six% in the third quarter of the financial year, if projections made by the International Monetary Fund (IMF) and State Bank of India Chief Economic Advisor Soumya Kanti Ghosh are correct.

A key finance ministry official concurs with them. 

The third quarter of the current financial year is the period when demonetisation took place. If the growth rate falls below six%, it would be the lowest expansion in at least seven quarters.

Ghosh said GDP growth in the third quarter would