GDP growth to slow to 7.1% in FY17 from 7.6% a year ago: CSO estimates

Actual growth, however, may turn out to be much lower due to demonetisation

The government on Friday estimated the country's economic growth rate to slow down to 7.1 per cent in the current financial year,  compared with 7.6 per cent in 2015-16. Howevr, the actual numbers could be lower as the estimates do not take into account the effect on economic activity after a demonetisation of high-value notes in November. 

Key highlights

FY17 GDP estimated at 7.1% vs 7.6% a year ago

GVA at basic prices 7% vs 7.2%

Other growth indicators

Agriculture: 4.1%  

Mining: -1.8%

Electricity, gas,