The December quarter GDP beat the estimates of economists; analysts polled by Reuters had forecast 6.4 per cent growth for the October-December period. "The growth in GDP during 2016-17 is estimated at 7.1 per cent as compared to the growth rate of 7.9 per cent in 2015-16".
The price index for gross domestic purchases increased 1.9 percent in the fourth quarter, compared with an increase of 1.5 percent in the third quarter (table 4).
India will be the fastest-growing economy among G-20 countries clocking a 7.1 per cent growth in 2017, Moody's Investors Service said on Thursday.
Demonetisation was announced on November 8, 2016. Last week, National Council of Applied Economic Research cut its growth forecast to 6.9 per cent from its earlier estimate of 7.6 per cent.
While growth came in lower than the previous quarter, it exceeded most analyst predictions in the wake of the government's shock move to remove all 500 (around $7.50) and 1,000 rupee notes from circulation immediately. The agriculture sector grew by 6 per cent in Q3 against 3.8 per cent in Q2.
"The marked improvement in the survey evidence recently suggests that growth will continue at a decent pace in the first half of this year too, " Paul Ashworth, chief usa economist at Capital Economics, said in a note to clients.
The updated figures left prior estimates unchanged.
Kerala cops moral police couple, get recorded on Facebook Live
In the FB video, Vishnu is then seen demanding to know what law he broke by sitting with his arm around the shoulders of a woman. The constables, she said, asked whether they were married or not. "We were asked whether we are going to marry or not".
The per capita net national income during 2016-17 is estimated to be Rs. 103,818 showing a rise of 10.2% as compared to Rs. 94,178 during 2015-16 with the growth rate of 8.9%.
Chief Economic Adviser Arvind Subramanian last month said the official GDP figures may not completely reflect the "real and significant hardships" experienced by the informal sector, in which an expected nine out of 10 Indian workers are employed.
Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs. 88.40 lakh crore in 2016-17 as against Rs. 79.00 lakh crore in 2015-16.
The biggest impact of demonetization was felt by small companies, according to an analysis of the October-December earnings of 2,126 companies by Care Ratings.
The full year 2016 growth was 1.6%.
2016 was the eleventh consecutive year the US economy failed to grow 3% or more. Meanwhile, another macro data released by the government revealed that the growth of eight core sectors slowed down to a five-month low of 3.4% in January mainly due to contraction in output of refinery products, fertiliser and cement.
Economists surveyed by The Wall Street Journal had expected an upward revision to a 2.1% growth rate.
This time, de Mistura has voiced hope that he will manage to bring the two sides together for direct talks. Deputy Assistant Secretary of State for Syria and the Levant, was in Geneva for the talks, officials said.
Anaheim Mayor Tom Tait said in a statement that Anaheim was committed to a full and impartial investigation of the incident. Apparently, teens and children walk across the officer's lawn as part of a commonly used route to local schools.
Spicer announced that there would be "further guidance" coming soon on the issue from the administration. Earlier this month, just one day after Jeff Sessions was sworn as Trump's attorney general, the U.S.
The smartphone has a 12-megapixel rear camera with a Sony IMX378 sensor - reportedly the same one present on the Google Pixel. The front-facing camera is an 8MP resolution unit with 1.12 micron sized pixels and support for 1080p video capture.
If not for the controversy over potential interference, T-Mobile likely would have deployed LTE-U much earlier. This spring, cellphone carriers such as T-Mobile plan to start supporting a new kind of mobile data.
Racing 92 have confirmed second row Ali Williams has been suspended after being arrested on suspicion of possessing cocaine. According to reports Williams tried to discard three packets of white powder which were discovered by investigators.
The Elder Scrolls Online is heading deep into the nostalgia mines this June, with the release of the Morrowind based expansion. Bethesda claims that the main story will take over 30 hours to complete, and that players will be able to play as a new class.
Trump says he's skipping White House Correspondents' dinner
On Friday, several major news outlets, including CNN and The New York Times , were excluded from a briefing with Spicer. Also as of yesterday, the WHCA was going ahead with the annual dinner, set for April 29 at the Hinckley Hilton in D.C.
Sixers Announce Ben Simmons Will Miss Remainder Of The Season
He underwent surgery in early October to fix what is termed an acute Jones fracture in his fifth metatarsal in his right foot. That's the bad news. "I have always known that there was a desire to get him back on the court when healthy", Colangelo said.
Drug OD deaths almost tripled since 1999, CDC says
While all age groups saw increases in death, the 55-to-64 group saw the biggest increase, with a five-fold jump since 1999. The suicide rate is 13.4 deaths per 100,000 and the rate of deaths from auto accidents is 11.1 deaths per 100,000 people.