Govt revises growth for demonetisation year from 7.1% to 8.2%
The government on Thursday revised the Gross Domestic Product (GDP) growth rate upwards from 7.1% to 8.2% for 2016-17, the year of demonetisation. The new data released by the Statistics Ministry also shows the GDP growth at 7.2% in 2017-18, up from 6.7% estimated earlier. Notably, the government had pegged the growth rate for the ongoing financial year at 7.2%.