GDP to grow at 7.1% in Q4 FY17, says Icra

India’s economy is expected to grow at 7.1 per cent in the fourth quarter of FY17, as remonetisation has gained steam, according to Icra. 

Gross domestic product (GDP) had grown marginally lower, at 7 per cent, in the third quarter of FY17, down from 7.4 per cent in the second quarter. 

Principal Economist of Icra, Aditi Nayar, said: “Benefitting from gradual remonetisation, GVA (gross value added) growth is likely to improve to 6.9 per cent in Q4 FY17 from the initial estimate of 6.6 per cent for Q3 FY17, while remaining weaker than the robust 8.1 per cent in Q4 FY16. Our