Note ban pulls down Q1 GDP from 6.1% to 5.7%

August 31, 2017 18:19

India's economic growth has slowed down further in the 2017-18 first quarter for the three months spanning April-June, dropping to 5.7% from 6.1% in the 2016-17 fourth quarter ended January-March, according to data released by the government on Wednesday. The government says the growth is slower than expected. The drop in GDP could be attributed to demonetisation.

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