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India’s GDP numbers for the fiscal 2015-16 and 2016-17 are expected to be revised to 8.3 per cent and 7.6 per cent, respectively, because of new IIP and GDP series, says a report.
According to SBI’s research report Ecowrap, the GDP numbers scheduled to be released on May 31, is expected to be “pleasant affair” and the new IIP and WPI series will impact all GDP numbers from 2013-14.
“We expect 2013-14 GDP growth to be revised from 6.5 per cent to 7.3 per cent, while 2015-16 GDP is expected to be revised from 7.9 per cent to 8.3 per cent because of new IIP and GDP series. 2016-17 GDP growth is expected to be revised from 7.1 per cent to 7.6 per cent,” the Ecowrap report said.
It further said the level of remonetisation has reached 80 per cent of the total extinguished currency in circulation as on May 19, 2017.
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