Headline GVA growth, however, is likely to trail the 6.8 percent recorded in the second quarter of FY17.
World Bank has said India's GDP may slow from 8.6 percent in 2015 to 7 percent in 2017
State of the Economy: Growth could have been 1% higher without note ban, GST, says economist Madan Sabnavis
Not all is bad with the economy. Certain key indicators such as fiscal deficit and inflation are strong, says Madan Sabnavis
PMEAC will do well if it first acknowledges the problems on the ground and advises the government to act on land and labour reforms, disinvestments, bank recapitalisation and stalled projects
The lingering impact of demonetisation is visible in the low growth of construction.
Have no doubt - the twin impact of GST and demonetisation is the reason for the slowdown of GST in the first quarter
Manufacturing growth decline has been attributed to the continuing demonetisation impact
Foreign brokerage HSBC on Wednesday estimated GDP growth slowing down to 6 percent for April-June period, as against the 6.1 percent in the preceding quarter
In its quarterly review of the economy, NCAER said prospects for the agricultural sector in 2017-18 remain optimistic on forecast of good rains.
Hit hard by demonetisation, India lost the tag of the fastest growing economy to China in the March quarter with a GDP growth of 6.1 percent
In his UP election rally in March this year, PM Modi had mocked Singh and ‘Harvard economists’ such as Amartya Sen who criticised demonetisation decision
The fourth quarter growth number of 2017 failed to meet analysts estimates, as Reuters poll of 35 economists predicted a tad above growth of 7 percent
Analysts said that consumption is likely to slow down in March due to demonetisation and high base last year
The government data shows the rabi sowing is at record high despite demonetisation. So even in the fourth quarter the support from the agriculture sector is likely to continue for the overall GDP
Doubts surrounding India's GDP number just refuse to die down. With every new GDP number there is a chain of suspicions and denials
The GDP numbers capture economic activity in the formal sector, which constitutes just 10-15 percent of the economy while the informal sector accounts for an estimated 45-50 percent
"The steep downward revision of Q3 FY16 has in turn led to higher growth in Q3 FY17, thus masking the impact of demonetisation in the Q3 figures," the economic research department of country's largest lender SBI said in a note.
The biggest mystery is about the surge in private consumption.
In its last monetary policy on December 7, the central bank had cut growth forecast to 7.1 percent, from its earlier projection of 7.6 percent for this fiscal.
The 'First Advance Estimates of National Income, 2016-17' did not reflect the impact of demonetisation, effected on November 9 for ban of old Rs 500/1,000 notes, and are based on sectoral data for only seven months or till October.