India’s growth is projected to slow to 6.6% in 2016-17 fiscal due to the strains that have emerged in the economy as a result of temporary disruptions caused by demonetization.
The post-November 8, 2016 cash shortages and payment disruptions caused by the currency exchange initiative have undermined consumption and business activity, posing a new challenge to sustaining the growth momentum. India’s economy grew at 7.6% in 2015-16.
What can be the possible questions of above news:
Q1. India’s GDP projected to slow how much percent from 7.6% in 2015-16 due to demonetization according to IMF?
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Source- Business Standard
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