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Q3 GDP estimates: ICRA expects growth of Indian gross value added (GVA) at basic prices to ease to 6.2 percent in Q3 FY2017 from 6.9 percent in Q3 FY2016. Moreover, GDP growth is likely to decline to 6.5 percent in Q3 FY2017 from 7.2 percent in Q3 FY2016. "ICRA expects the note ban to selectively affect some of the sub-sectors of industry and services, dampening the expansion of the GVA at basic prices to 6.2 percent in Q3 FY2017 from 6.9 percent in Q3 FY2016.
In contrast, the robust Kharif harvest is expected to contribute to a turnaround in the performance of agriculture, forestry and fishing to a growth of 5.0 percent in Q3 FY2017 from the 1.0 percent contraction in Q3 FY2016," Aditi Nayar of ICRA said. 2:47 pm New Tata Sons chief: Tata group will enter a new era tomorrow as N Chandrasekaran takes over as chief, hoping to put behind an acrimonious boardroom battle that saw the ouster of Cyrus Mistry as Tata Sons Chairman.
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