GDP grows at an Alarming Rate of 7 Percent in Oct-Dec

Mar 01, 2017 Share

After the much-hyped ban on the big currency notes by Modi Government, the GDP growth that was supposed to fall on a significant pace is now expected to rise at a shocking rate of 7.1 % in the current financial year. According to the Central Statistics Office, although the climb is quite slow-moving if compared to the 7.9% growth in 2015-2016, still this substantial improvement is likely to give the Modi Government the much required sinew to defend its move to ban the big notes which was severely criticized by a number of critics across the country.

Maintaining a steep growth by 7% during October-December, the overall Indian economy has managed to showcase a relative development despite a number of controversies post demonetization. Rather, the economists in the country have identified the growth as quite similar to the previous quarter, i.e, in early January.

Moreover, in spite of the rumors that demonetization led to huge job losses as an impact of less production on the overall economy after November 8, 2016,   the brunt didn’t last for more than a month. Now, with the International Monetary Fund and the RBI reducing cut growth estimates by one percentage point, some enterprises have also assumed a climb of 6% by mid December.

Apart from the predictions of the financial experts, several Government agencies have also foretold the upward GDP estimate for the first and second cut ups to 7.2% and 7.4% respectively which indicates nothing but a steep economic activity.

Share Your Comment 0 Comments

Investment Opportunities

  • Price on Request
    Ganga Platino III , by Goel Ganga Developments presenting premium 2 & 3 BHK XL Residences in Kharadi, Pune. Luxurious livin...
  • ₹ 66.72 L - ₹ 73.27 L
    Overview Nyati Elysia II, a residential project by Nyati Group offes 2 BHK premium homes in Kharadi, Pune. Experience the harmo...
  • Duville Riverdale Heights, by Duville Estates, presents an array of 1 bhk & 2 bhk new launch flats at Kharadi, Pune. An ideal...
  • Price on Request
    Purvankara presents Purva Silversands 1, 2, 3 and 4 bhk apartments project in Keshav nagar, Pune which is a project spread across...
  • Vascon and Clover Builders brings to you Forest County spacious 2 bhk and 3 bhk new launching apartments in Kharadi, An 18 acres l...
  • Price on Request
    Vascon and Clover Builders brings to you Forest County 2 bhk and 3.5 bhk under construction apartments in kharadi, An 18 acres lu...
  • ₹ 65 L - ₹ 85 L
    Godrej Properties Launching Pune’s first community dedicated to Healthy living, Godrej Rejuve at Keshavnagar. A remarkable p...
  • Price on Request
    Vascon Forest Edge developed by the Vascon Group, the under construction residential apartments in kharadi with wide range of amen...
  • ₹ 62.6 L - ₹ 98.06 L
    Overview Gera’s Misty Waters by Gera Developments Pvt. Ltd., is a residential venture that consists of 2 BHK and 2.5 BHK...
Disclaimer - The particulars contained on the mentions details of the Projects/developments undertaken by the Company including depicting banners/posters of the Project. The contents are being modified in terms of the stipulations / recommendations under the Real Estate Regulation Act, 2016 and Rules made thereunder ("RERA") and accordingly may not be fully in line thereof as of date. You are therefore required to verify all the details, including area, amenities, services, terms of sales and payments and other relevant terms independently. FourrWalls does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the information contained herein. You are advised to conduct an independent verification before entering into any transaction.