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GDP growth to rise to 7.1% in Q4 FY17: Icra
26
May '17
The GDP growth of India for the fourth quarter of FY17 is expected to be 7.1 per cent, marginally more than the preceding quarter's 7 per cent growth, according to Icra, a domestic ratings agency. However, the growth is slower than the growth of 8.4 per cent registered in Q4 FY16. The gross value added (GVA) growth for Q4 FY17 is expected to be 6.9 per cent.

Demonetisation of the notes of denominations of Rs 500 and Rs 1,000 is considered a reason for the dip in the GDP growth by multiple quarters.

The new WPI and IIP data, could lead to revisions in GDP and GVA levels and growth rates from FY2013 onward, at constant prices, said media reports quoting Aditi Nayar, Icra’s principal economist. She also said that the growth rate for fiscal 2017 will differ from the estimates released by the CSO in February this year.

Additional data regarding the impact of demonetisation on the informal sectors may lead to a drop in the growth of H2 FY17, compared with the revised levels of H1 FY17. (KD)

Fibre2Fashion News Desk – India


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