GDP estimates don't factor in note ban impact: TCA Anant

Govt estimated country's economic growth rate to slow down to 7.1% in the current financial year

After releasing the estimates for the country's economic growth in 2016-17, Chief Statistician TCA Anant on Friday clarified that the expectations do not take into account the impact of demonetisation of high-value currency notes, announced in November. The estimates are based on the first seven months of the financial year (up to October).

The second estimates and the GDP growth numbers for the third quarter would be revealed on February 28.

The government has 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. 

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