The Lag Effect
GST, demonetisation pull down GDP growth sharply in the first quarter of 2017/18.
by Dipak Mondal
Sep 02, 2017
2 minutes
The Gross Domestic Product (GDP) growth in the first quarter of 2017/18 slowed sharply to 5.7 per cent, much less than the expected 6.1-6.5 per cent, making economists wonder if demonetisation continues to weigh on the economy.
Though demonetisation was effected on November 8, 2016, and remonetisation picked up pace after February 2017, many economists had said then
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