Construction sector performed particularly poorly during Q4FY17: Panagariya

Market is recognising reforms govt is undertaking, says Niti Aayog Vice-Chairman Arvind Panagariya

The revised estimates of gross domestic product (GDP), released by the Central Statistics Office (CSO) on Wednesday, showed that the economy slowed down to 6.1 per cent in the fourth quarter of 2016-17, from 7.9 per cent in the first quarter. Ishan Bakshi & Sanjeeb Mukherjee spoke to Niti Aayog Vice-Chairman Arvind Panagariya to understand the implications of the latest estimates, and the state of the economy. Edited excerpts:  

The CSO’s revised estimates show that GDP growth slowed down to 6.1 per cent in the fourth quarter. Are we now seeing the actual impact of demonetisation?

First of all, let me