Techno Tube...

Thanks to Demonetization and GST, India's GDP growth hit a 4-year low at 6.5 per cent. India's economic growth in 2017-18 is estimated to drop to a four-year low of 6.5 per cent against the 7.1 per cent in 2016-17. This will be the lowest growth rate under the BJP government, which is largely attributed to the adverse impact of the goods and services tax (GST) and the prolonged effects of demonetization.  Central Statistics Office (CSO) on Friday released the first Advance Estimate for India's GDP growth, which showed that the pace of agricultural expansion is expected to fall by more than half (from 4.9 per cent in the previous year to 2.1 per cent in FY18) due to the decline in kharif crop output year-on-year. Highlights from the Advance Estimate data: The data also showed substantial rural distress as the agricultural output inflation rate as measured by GDP deflators, is expected to fall to 0.7 per cent against 4.1 per cent over this period. This developmen...