Thu, Mar 02, 2017
Teresa John of Nirmal Bang in a report said, “Our earlier estimates had assumed no significant difference between GVA and GDP as both had exhibited a converging trend in the earlier quarters. However, the CSO believes that higher indirect tax collection and lower subsidies have pushed up the indirect tax component of GDP, resulting in divergence between GVA and GDP. “
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What is hard to believe in the given GDP numbers was the performance of cash-dominated sectors where analysts expected a significant slowdown post demonetisation, but has seen uptick compared to Q2FY17.
Wed, Mar 01, 2017
State Bank of India (SBI) in its report said, “The Q3FY17 estimates are crucial in the sense that it should have given the impact of what happened in the economy during those two months of demonetisation.”
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