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    <title>GDP to grow slower at 7.1% in FY17; note ban not factored in</title>
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    <description>The First Advance Estimates project GDP growth of 7.1 per cent for 2016-17 based on sectoral data through October; the Central Statistics Office did not factor in the November demonetisation, excluding volatile November bank deposit and credit data, and attributes the slowdown primarily to weak manufacturing, mining, construction and the index of industrial production while flagging gross fixed capital formation as an area of concern.</description>
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    <pubDate>Sat, 07 Jan 2017 10:24:06 +0530</pubDate>
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      <description>The First Advance Estimates project GDP growth of 7.1 per cent for 2016-17 based on sectoral data through October; the Central Statistics Office did not factor in the November demonetisation, excluding volatile November bank deposit and credit data, and attributes the slowdown primarily to weak manufacturing, mining, construction and the index of industrial production while flagging gross fixed capital formation as an area of concern.</description>
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