No, it’s not Demonetisation, nor is it the Rupee; here is the real reason for GDP crash financialexpress.com
The GDP growth number for 2017Q2 was bad, very bad. It came in at a y-o-y growth of 5.7 %. Just to provide a perspective on the low growth reported—the eighth-worst quarter since 2011, and the fourteenth worst quarter since the start of the high growth period in FY04. You want more evidence on the lowness of this growth number? The average GDP growth for the two years prior to the Modi election of May 2014 was 6.4%; even if for the rest of this fiscal year GDP growth averages an unlikely 6.5% each quarter, the fiscal year numbers will not match the UPA average for their bad years! Yes, that is how bad GDP growth is today.
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