With better enforcement of a newly amended law and the GST roll-out, collection of GDP data should improve
Expenditure side of GDP data shows rather than contracting, 'change in stocks' grew by 1.2% in Q1
He says necessity for GST was long felt and it will facilitate much faster growth
GVA decline can be due to late impact of demonetisation and destocking activities undertaken pre-GST
The effect of demonetisation continues to linger, especially on industry and consumption
The Economic Survey had projected a growth of 6.75% to 7.5% for 2017-18
GVA down to 5.6%, against 7.6% in the year-ago period
Mining was expected to contract by 1.8% in FY17, but ended up growing by 1.8%
The government had pegged GDP growth at a 7.1% for 2016-17 despite note ban blues
The official figures were music to the ears of Modi's ruling Bharatiya Janata Party
Interview with Pronab Sen
GDP grew seven per cent in the December quarter of the current financial year
Blamed for showing an economic growth of close to eight per cent in the last quarter of 2015-16