GDP surprises, grows 7% in Oct-Dec; full year estimates at 7.1%

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The data, put out by the Central Statistics Office (CSO), also projected that the economy will likely to grow at 7.1 percent in 2016-17, 0.8 percentage points slower than the previous year’s 7.9 percent expansion, mirroring demonetisation’s effect on household spending and corporate investment.
Source: Top News