GDP may have dipped to 5% in Dec quarter post note ban: HSBC
India’s GDP is likely to have grown at a much slower-than-expected pace of 5% in the October-December period due to a slowdown in manufacturing and services sectors post demonetisation, an HSBC report said. Further, GDP may see 6% growth in the following quarter, it stated. Activity data, and consumption and investment have clearly taken a hit after demonetisation, it added.