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Growth back to pre-note ban level increasingly likely: S&P

Growth back to pre-note ban level increasingly likely: S&P

Friday, March 31, 2017, 2:23 PM

The effect of demonetisation is fading and growth is likely to return to the pre-note ban stage, but a clearer picture of the economy will be available by June-end, S&P Global Ratings said today. The Central Statistical Office (CSO) last month had projected GDP growth to be 7% in the October-December quarter, belying fears of slowdown post demonetisation.
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