8.4% Q2, 2015-16
9.2% Q4, 2015-16
7.4% Q3, 2015-16
7.9% Q1, 2016-17
7.5% Q2, 2016-17
7% Q3, 2016-17
6.1% Q4, 2016-17
5.7% Q1, 2017-18
GDP GROWTH
ON A DOWNWARD SLOPE SINCE THE FOURTH QUARTER OF 2015-16
ON NOVEMBER 24, 2016, a fortnight after Prime Minister Narendra Modi announced that high-value currencies of Rs 500 and Rs 1,000 denominations would no longer be legal tender, his predecessor Manmohan Singh called it a “monumental disaster”. The move, he said, could set the country’s GDP back by two percentage points. The government was quick to brush away his concerns, and, with growth slowing to only 7 per cent that October-December quarter, argued that demonetisation was being unnecessarily demonised. Economists raised their eyebrows then, warning that the GDP figures probably missed the pain in…