According to data by the central government, India’s GDP growth has reportedly slowed down to 6.1% year-on-year during the January-March period, less than economists' 7.1% estimate.Further, government data showed that GDP grew 7.1% in the full financial year 2016-17, slower than the 8% recorded in the previous year. Reportedly, the slump followed the government's note ban decision, which slowed activity in cash-dependent sectors.
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