GDP Growth To Slow To 7.1% In FY17 From 7.6% A Year
Saturday, January 7, 2017, 10:22 AM
The Government estimated that the country's economic growth rate would slow down to 7.1% in the current financial year, compared with 7.6% in 2015-16. The Government says this is mainly due to industrial slowdown, avoiding the possible impact of demonetization. The measure of economic activity GVA (Gross Value Added), grew at 7% in 2016-17, compared to 7.2% last year.