Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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    <h1 class="cat-box-title">Demonetisation Pulls Down India&#039;s GDP to 3-Year Low at 6.1%, Loses Fastest Growing Economy Tag to China</h1>
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                            <div align="justify">-Outlook<br /><br /><em>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 per cent, pulling down the 2016-17 expansion to a three-year low of 7.1 per cent.<br /><br /></em>The bad news of the economy growing at the slowest pace in three years mainly on account of poor performance of manufacturing and service sectors come at a time when the Modi government is celebrating three years in office.<br /><br />The GDP growth was 8 per cent in 2015-16 and 7.5 per cent in the previous year.<br /><br />The growth for the 2016-17 fiscal slowed down despite very good showing by the agricultural sector.<br /><br />China had reported a growth of 6.9 per cent in the January-March quarter of 2017. India had for the first time outpaced China in GDP growth rate in 2015.<br /><br />As per the data released by the Central Statistics Office (CSO), the expansion in Gross Value Added (GVA) during the fourth quarter of 2016-17 fell sharply to 5.6 per cent as compared to 8.7 per cent in the comparable period of 2015-16.<br /><br />For the year as a whole, the expansion in GVA works out to be 6.6 per cent, down from 7.9 per cent a year ago.<br /><br />The GVA has been declining for the five straight quarters since January-March, 2016.<br /><br />On November 9, 2016, the government had demonetised higher value currency which wiped off about 87 per cent of notes in circulation, leading to a severe cash crunch and disruption in the economic activities.<br /><br />When asked whether note ban has impacted fourth quarter growth, Chief Statistician T C A Anant said a separate analysis is needed, though he admitted that this was one of the dynamics which might have impacted economic performance in third and fourth quarters.<br /><br />Please <a href="http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098" title="http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098" class="re" target="_blank">Outlook, 1 June, 2017, http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098</a><div class="clear"></div>
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                            <div align="justify">-Outlook<br /><br /><em>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 per cent, pulling down the 2016-17 expansion to a three-year low of 7.1 per cent.<br /><br /></em>The bad news of the economy growing at the slowest pace in three years mainly on account of poor performance of manufacturing and service sectors come at a time when the Modi government is celebrating three years in office.<br /><br />The GDP growth was 8 per cent in 2015-16 and 7.5 per cent in the previous year.<br /><br />The growth for the 2016-17 fiscal slowed down despite very good showing by the agricultural sector.<br /><br />China had reported a growth of 6.9 per cent in the January-March quarter of 2017. India had for the first time outpaced China in GDP growth rate in 2015.<br /><br />As per the data released by the Central Statistics Office (CSO), the expansion in Gross Value Added (GVA) during the fourth quarter of 2016-17 fell sharply to 5.6 per cent as compared to 8.7 per cent in the comparable period of 2015-16.<br /><br />For the year as a whole, the expansion in GVA works out to be 6.6 per cent, down from 7.9 per cent a year ago.<br /><br />The GVA has been declining for the five straight quarters since January-March, 2016.<br /><br />On November 9, 2016, the government had demonetised higher value currency which wiped off about 87 per cent of notes in circulation, leading to a severe cash crunch and disruption in the economic activities.<br /><br />When asked whether note ban has impacted fourth quarter growth, Chief Statistician T C A Anant said a separate analysis is needed, though he admitted that this was one of the dynamics which might have impacted economic performance in third and fourth quarters.<br /><br />Please <a href="http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098" title="http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098" class="re" target="_blank">Outlook, 1 June, 2017, http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098</a><div class="clear"></div>
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-Outlook

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 per cent, pulling down the 2016-17 expansion to a three-year low of 7.1 per cent.

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    <h1 class="cat-box-title">Demonetisation Pulls Down India&#039;s GDP to 3-Year Low at 6.1%, Loses Fastest Growing Economy Tag to China</h1>
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                            <div align="justify">-Outlook<br /><br /><em>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 per cent, pulling down the 2016-17 expansion to a three-year low of 7.1 per cent.<br /><br /></em>The bad news of the economy growing at the slowest pace in three years mainly on account of poor performance of manufacturing and service sectors come at a time when the Modi government is celebrating three years in office.<br /><br />The GDP growth was 8 per cent in 2015-16 and 7.5 per cent in the previous year.<br /><br />The growth for the 2016-17 fiscal slowed down despite very good showing by the agricultural sector.<br /><br />China had reported a growth of 6.9 per cent in the January-March quarter of 2017. India had for the first time outpaced China in GDP growth rate in 2015.<br /><br />As per the data released by the Central Statistics Office (CSO), the expansion in Gross Value Added (GVA) during the fourth quarter of 2016-17 fell sharply to 5.6 per cent as compared to 8.7 per cent in the comparable period of 2015-16.<br /><br />For the year as a whole, the expansion in GVA works out to be 6.6 per cent, down from 7.9 per cent a year ago.<br /><br />The GVA has been declining for the five straight quarters since January-March, 2016.<br /><br />On November 9, 2016, the government had demonetised higher value currency which wiped off about 87 per cent of notes in circulation, leading to a severe cash crunch and disruption in the economic activities.<br /><br />When asked whether note ban has impacted fourth quarter growth, Chief Statistician T C A Anant said a separate analysis is needed, though he admitted that this was one of the dynamics which might have impacted economic performance in third and fourth quarters.<br /><br />Please <a href="http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098" title="http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098">click here</a> to read more. <br /></div>                                                           
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Demonetisation Pulls Down India's GDP to 3-Year Low at 6.1%, Loses Fastest Growing Economy Tag to China

Published on Jun 1, 2017   Modified on Jun 1, 2017

-Outlook 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 per cent, pulling down the 2016-17 expansion to a three-year low of 7.1 per cent. The bad news of the economy growing at the slowest pace in three years mainly on account of poor performance of manufacturing and service sectors come at a time when the Modi government is celebrating three years in office. The GDP growth was 8 per cent in 2015-16 and 7.5 per cent in the previous year. The growth for the 2016-17 fiscal slowed down despite very good showing by the agricultural sector. China had reported a growth of 6.9 per cent in the January-March quarter of 2017. India had for the first time outpaced China in GDP growth rate in 2015. As per the data released by the Central Statistics Office (CSO), the expansion in Gross Value Added (GVA) during the fourth quarter of 2016-17 fell sharply to 5.6 per cent as compared to 8.7 per cent in the comparable period of 2015-16. For the year as a whole, the expansion in GVA works out to be 6.6 per cent, down from 7.9 per cent a year ago. The GVA has been declining for the five straight quarters since January-March, 2016. On November 9, 2016, the government had demonetised higher value currency which wiped off about 87 per cent of notes in circulation, leading to a severe cash crunch and disruption in the economic activities. When asked whether note ban has impacted fourth quarter growth, Chief Statistician T C A Anant said a separate analysis is needed, though he admitted that this was one of the dynamics which might have impacted economic performance in third and fourth quarters. Please click here to read more.

Outlook, 1 June, 2017, http://www.outlookindia.com/newswire/story/demonetisation-pulls-down-indias-gdp-to-3-year-low-loses-fastest-growing-economy-tag-to-china/970098

Tagged with: Currency demonetisation Gross Value Added (GVA) GDP GDP estimates GDP growth GDP growth rate Demonetisation

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