As per the data released by CSO, agriculture is expected to expand by 4. This may mean that going forward, there may be further downward revision in the GDP numbers. Anant said the figures for November were available and examined but "it was felt in view of the policy of demonetisation of notes there is a high degree of volatility in theses figures and conscious decision was taken not make projection using the November figure.

"However, this decline itself is possibly understated on account of timing and methodology issues.3 per cent.Chief statistician T.8 per cent after recording a growth a 7.Deloitte India lead economist Anis Chakravarty said that advance estimate clearly shows a deceleration in economic activity levels in the economy without accounting for the effects of demagnetisation.Till last year, CSO would wait for GDP data for the quarter through December before putting out full-year estimates. Firstly, by releasing the data a month early, the government’s statistics machinery would have had insufficient data to ascertain the trend in the months after the decision to demonetise. Growth in manufacturing is expected to slow to 7.A."Given the impact of demonetisation on actual activity from mid-November 2016 onward, projecting GDP growth for the full year by extrapolating the trends up to October 2016 for several sectors may introduce more errors than in earlier years.1 per cent in 2016-17 from 7. On the other hand, mining and quarrying is likely to shrink by 1.2 per cent last fiscal.C. Second, the advance estimates are partially based on extrapolation of existing trends which could have possibly dipped further in November and December," said Chakravarty.2 per cent.

"Rating agency ICRA said that it daily necessities injection mold Manufacturers expects GDP at 6.ICRA principal economist, Aditi Nayar, said that advance estimates released by the CSO of growth in FY2017 are unsurprising, as they draw heavily from the available data for the first half of this fiscal, for which GDP and Gross Value Added (GVA) expansion was estimated at 7.6 per cent in 2015-16 due to slump in manufacturing, mining and construction sectors, according to advance estimates released by Central Statistics Office (CSO) on Friday.4 per cent in 2015-16.8 per cent, appreciably lower than the advance estimates.However, advance estimates does not fully account for disruption caused by Prime Minister Narendra Modi’s decision to demonetise Rs 500 and Rs 1,000 notes on November 8.New Delhi: India’s GDP slowed down to 7.4 per cent from 9.1 per cent in 2016-17 from 1.The sector-wise estimates are obtained by CSO by extrapolation of indicators like index of industrial production (IIP) of first seven months of 2016-17 and financial performance of listed companies in the private corporate sector available upto quarter ending September, 2016 among others.. This would be particularly apt for cash intensive sectors such as construction," she said