Demonetisation Slows Down GDP
In an interview with Newsclick, Prof. Abhijit sen explains that the new GDP estimates for 2016-17 released by CSO strongly point towards a decline in growth rate due to demonetisation. He also said that since the data of CSO does not fully capture the unorganised sector, the negative impact of demonetisation on GDP growth was likely higher. If one were to only look at the core sectors, excluding agriculture and public expenditure, the growth rate falls as low as 3 % in the last quarter of 2016-17. According to Prof. Sen, it is very likely that the impact of demonetisation on GDP will continue beyond 2016-17.
Thumbnail Image Courtesy: The dollar business
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