We may have just leapfrogged the impact of note ban: Soumya Kanti Ghosh

Interview with chief economic advisor of SBI

Contrary to expectations of growth slowing down in Q3 FY17, data released by the Central Statistics Office (CSO) shows the economy grew at seven per cent in the third quarter. Ishan Bakshi spoke to Soumya Kanti Ghosh, group chief economic advisor at SBI, to understand the divergence between expectations and the CSO’s estimate. Edited excerpts:
 
GDP growth in the third quarter came in higher than expected. Economists were expecting growth to slow down post demonetisation. What explains this?
 
The Q3FY17 estimates are crucial in the sense that it should have given the impact of what happened in the