Note ban blues. India's GDP growth stood at 5.7% in Apr-Jun and pitting the country behind China on the list of world’s fastest growing major economies.
The 5.7% fiscal first quarter GDP growth, of an economy desperately trying to recover from the shocking impact of demonetisation, was much lower than the 7.9% seen in the same quarter a year ago.
Immediately after the note ban noted economist Dr manmohan Singh had said that India's GDP will take a hit 2 %. This has come true.
The 5.7% fiscal first quarter GDP growth, of an economy desperately trying to recover from the shocking impact of demonetisation, was much lower than the 7.9% seen in the same quarter a year ago.
Immediately after the note ban noted economist Dr manmohan Singh had said that India's GDP will take a hit 2 %. This has come true.