India's Gross Domestic Product (GDP) developed at a rate of 7% in the October-December quarter of the fiscal year 2016-17 subsequent to calculating the note ban impact.
The unrevised GDP growth in the fourth quarter is notably slower than the 3.5 percent jump seen in the third quarter.
The government also revised the growth rate for the second quarter to 7.4 per cent from the earlier 7.3 per cent.
It was feared that demonetisation affected in the middle of the third quarter (November 9, 2016) would have adverse bearing on various segments of the economy.
Soon after Prime Minister Narendra Modi's historic announcement to scrap old Rs 500 and Rs 1,000 notes to curb the menace of black money, graft and terror funding, analysts including at the Finance Ministry and Reserve Bank of India have lowered the GDP projection for 2016-17. Anticipated growth of real GVA at basic prices in 2016-17 is 6.7 per cent against 7.8 per cent in 2015-16. Since all the growth estimates have moved south, any good news from the CSO would come as a surprise.
The Organisation for Economic Cooperation and Development (OECD) had in February a year ago projected the country's economy to expand at 7.4 per cent in 2016-17.
It was a positive surprise for most economists as everyone was pegging the growth at 6-6.5%, taking into account the slowdown in consumption in the country.
With demonetization denting consumer demand, overall vehicle sales in the month of December also fell for the first time in 11 months, dropping 1.36% from a year ago to 227,824 units.
Overall, in gross value added (GVA) terms, growth declined to a six-quarter low of 6.6 per cent during the third quarter of this fiscal, from 6.7 per cent during the preceding quarter and 7.0 per cent during the corresponding quarter a year ago.
Chief statistician T.C.A Anant said that it was hard to assess the full impact of demonetization.
During the quarter, small firms with sales of less than 1 billion rupees ($14.9 million) "faced the heat of the demonetization drive" as a large proportion of their transactions are conducted in cash and operations were impacted quite markedly, the Indian credit rating agency said.
Estimates for growth this year range between 2 percent and 3 percent.
The current expansion has endured for more than seven years, longer than the historical average, but its rate of growth has been the weakest since at least 1949.
This estimate is based on a more complete set of data than was available in the advanced estimate last month, but held steady at 1.9%.
The IAS association have protested Sudhir Kumar's arrest and chose to meet Bihar Chief Minister Nitish Kumar over the matter. The SIT team has also arrested owner of the printing press from Ahmedabad where question papers were printed.
They took over the area of Euclid Street and Palais Road, where the fracas occurred, and clogged intersections Wednesday night. Police asked the protesters to disperse, or face arrest. "I said , 'Hey, that's not how you treat a lady, '" the boy said .
It's not clear if they were racing or if it was a road rage incident, or something else. "We just don't know". About that time, a woman had gotten out of the auto that had pulled up behind Thomas' Honda.
In 2010, only 8 percent of all drug overdose deaths involved heroin, but by 2015, 25 percent involved heroin, the report said. Holly Hedegaard, a coauthor of the report and a medical epidemiologist at the CDC's National Center for Health Statistics.
Williams was the No. 3 overall selection by Utah in the 2005 NBA Draft, where he immediately found a lot of success with the team. The Jazz are seeking depth at the point guard position to back up George Hill , who has missed 25 games to injuries.
Several parents complained that Beggs was too strong to compete against girls , while others expressed sympathy for him. To me, this is a complete abject failure of leadership and accountability from the people who regulate sports in Texas.
But her job, DeVos added , "isn't to win a popularity contest with the media or the education establishment here in Washington". DeVos said she had no experience in applying for or distributing multimillion dollar loans.
After missing most of 2015 with a back injury called spinal stenosis, a neck injury sidelined the Mets captain in 2016. A career.296/.376/.491 hitter, Wright posted a.226/.350/.438 slash with seven home runs and 14 RBI previous year .
The Al-Nusra Front terror group, which renamed itself into itself Jabhat Fateh al-Sham, has claimed responsibility for the attack. Speaking earlier Saturday, Mistura said the Homs attacks were created to "spoil" peace talks.
The team last week announced Simmons, the No. 1 overall pick in last year's draft, would miss the entire season. On the other hand, the 76ers also released a statement regarding injured forward Ben Simmons on Monday morning.
However, delays could push those dates back so much that a crew launch might not occur until late in the next presidential term. The capsule that will carry the astronauts, NASA's new Orion, already has flown on a space demo.
However, he has now been lured away by the Bundesliga outfit, where he will work alongside Jonker, who has also left the Gunners. Jonker, who was assistant to Felix Magath at Wolfsburg from 2012 to 2014, has also coached at Barcelona and Bayern Munich.
Nothing is going to be more hilarious than the host welcoming his Cousin Sal and sidekick Guillermo Del Toro at the Oscars. You try to stay loose and lively throughout the broadcast. "It's like a Super Bowl for a comedian", he said.
She was the one silver lining in the oversaturated and overrated " La La Land "-completely outshining her co-star Ryan Gosling". That leaves original screenplay a two-horse race between presumed frontrunner " Manchester by the Sea " and " La La Land ".
By the wide margin of 73% to 9%, Americans think anyone with health coverage today should be able to be covered in the new system. Some states might recreate Medicaid's current federal coverage guarantee though a state law.
He also set postseason single-game rushing records in the first two round of the playoffs and caught 75 passes for 616 yards. Bell earned just under $1 million in salary last season with a cap number of $1.13 million.
Clooney then concluded his speech on a much lighter note as he paid tribute to Amal , who cheered on her husband from the crowd. Here's to adventure, cute dads-to-be and obsessively keeping track of Amal Clooney's maternity style.
The White House Correspondents Association issued a statement earlier this month saying that there will still be a dinner. Several big sponsors of parties throughout the weekend have also announced they will not participate this year.
According to reports Williams tried to discard three packets of white powder which were discovered by investigators. The pair spent the night in a cell after being apprehended by officers from the French Anti-Crime Brigade.
The Conservatives say this is "the first time since 1878 that a governing party has made a comparable gain in a by-election". At the same time , the pro-EU Liberal Democrats saw modest boosts in both seats, eating into the Labour vote.
The logjam in the frontcourt for the 76ers has been widely talked about to this point, and this move addresses that position. Jones looked to be on his way out of New Orleans as soon as the DeMarcus Cousins trade went down over All-Star Weekend.
It is among the infections covered by the MMR (measles, mumps, rubella) vaccine, which is required in Pennsylvania. Complications from mumps, although rare, can include inflammation of the testicles, ovaries, breasts and/or brain.
The Fair Work Commission has spent nearly two years weighing evidence from more than 140 witnesses and 6000 written submissions. Equalising Saturday and Sunday doesn't have to mean cutting to the lowest common denominator of current Saturday rates.