Real GDP for the fourth quarter of 2016 grew at a seasonally adjusted annual rate of 1.9%, according to the Bureau of Economic Analysis's revised estimate, unchanged from the advance estimate.
"With the second advance estimate for 2016-17 at 7.1%, the data belies the widespread expectation of sub 7% growth this fiscal year".
CSO is not alone.
With regard to global growth, Moody's said continuing cyclical recovery in global economic activity with growth in G-20 countries picking up modestly to 3 per cent in 2017 and 2018 from 2.6 per cent in 2016, but potential shifts in usa policy add uncertainty to this forecast.
Meanwhile, Growth of 8 core sector industries slowed to 3.4 per cent in January compared to 5.7 pc in the year-ago month, government data showed on Tuesday. While the former is expected to grow at 7.3 per cent (10.7 per cent in FY2016), the growth in finance, insurance, real estate is projected to come in at 6.5 per cent (10.8 per cent in FY2016). Moving in sync was the International Monetary Fund (IMF) which saw the economy growing at 6.6 per cent - significantly lower than its initial estimate of 7.6 per cent.
The numbers released today show that growth decelerated to 7.0 per cent in October-December quarter even as sectoral data reflected minimal impact of demonetisation on account of a sharp rise in agricultural growth and a pickup in manufacturing sector growth.
This comes as a pleasant surprise as demonetisation effect do not seem to have affected the GDP growth by much. However, the data captured by the CSO does not reflect the same.
With demonetization denting consumer demand, overall vehicle sales in the month of December also fell for the first time in 11 months, dropping 1.36% from a year ago to 227,824 units.
The government data came on the same day as the Organization for Economic Cooperation and Development (OECD) released a survey, praising Modi for India's high growth, but warning that not all Indians were benefitting from it.
Chief statistician T.C.A Anant said that it was hard to assess the full impact of demonetization. India, it said, "is expected to regain its momentum, with growth rising to 7.6% in [the financial year ending in March] 2018 and strengthening to 7.8% in FY2019-20".
At a media briefing by chief statistician TCA Anant, reporters wondered whether the impact of demonetization was factored into the third-quarter estimates. Similar period previous year the GDP grew by 7.2%.
But he dismissed the sudden popularity of President Barack Obama's signature healthcare law, which is better known as Obamacare. Over the weekend, Trump said he met with Wisconsin Governor Scott Walker and Florida Governor Rick Scott to discuss Obamacare.
It appears as though the Dallas Mavericks could be pretty active at Thursday's National Basketball Association trade deadline. After a flurry of National Basketball Association trade deadline activity, the Dallas Mavericks made one more move.
More details on tweaking you may expect next week, but the preliminary tweaking results that I have seen are impressive. The Ryzen 7 1800X scored the same in single-thread numbers, but edged the i7 in multi-threaded operations.
This defeat is the latest loss taken by Labour Party in what has been a stunning collapse of the party over the past decade. Andrew Gwynne MP, Labour's campaign manager, was visibly upset after the result was announced.
James scored 18 points, pulled down 13 rebounds and handed out 15 assists for the 48th regular-season triple-double of his career. Once Golden State predictably started the third quarter strong, it got the final motivation it needed from the referees.
Described as intoxicated, the pair would be notified of their rights by police once they left the sobering cell, LCI reported. O'Connor, 26, plays for Toulon having previously played for London Irish and made 44 appearances for Australia.
The Elder Scrolls Online Homestead update is available to download for free now on Xbox One and PlayStation 4. You can find the game and the update here, as well as a pre-order link for the new Marrowind expansion.
With the front office leaning more and more on the young core, it's time for the veterans to get sent somewhere else. And as they worked to finish that deal, they made a trade, sending Lou Williams to the Houston Rockets .
Bryan, who shared the first round lead with Cody Gribble , made a mess of No. 13, but only took bogey after a key sand save. That would be Inbee Park, who hasn't played since she won the gold medal in the Olympics last summer in Rio.
Four states - West Virginia, New Hampshire, Kentucky and OH - lead the nation with the highest overdose death rates, the CDC said. Adults ages 55 to 64 saw the biggest increase in drug overdose deaths over the course of the 16-year study period.
LAist added: "In America, residents of Parkersburg, West Virginia, have it the best - only 3 hours lost to traffic past year ". The central Polish city of Łódź is the most congested in Europe, according to the 2017 TomTom Traffic Index.
5 things you need to know about the BlackBerry KeyOne
A fingerprint sensor has been embedded into the space bar and the device comes pre-loaded with Blackberry Security Software . It sports an 8-megapixel front facing camera featuring f2.2, 1.125um pixel size and 84-degree wide angle/field of view lens.
Transgender teenager Mack Beggs wins Texas wrestling title
In a previous tournament, two of Beggs' opponents forfeited rather than fight. "The thing is we want to wrestle each other". As for the hormone use, the state policy allows Beggs to compete because he's changing genders under the care of a doctor.
Sunday penalty rates out
Workers gathered outside the offices of the Fair Work Commission in Melbourne in the lead up to the announcement. Public holiday penalty rate for full-time and part-time employees will be reduced from 250 to 225 per cent.
Authorities: Suspect arrested in case of missing teacher
Tara Grinstead was last seen the night of October 22, 2005 when she attended a beauty pageant and barbecue in Fitzgerald, Georgia. The GBI said it received many leads through the GBI tip line over the years, and each credible tip was fully investigated.
Documents: After shooting, Roof went toward 2nd black church
Further court documents show prosecutors ultimately withdrew their request to introduce information about Branch AME at trial. Roof is also seeking a new federal trial, saying prosecutors didn't have jurisdiction to bring their case against him.