India: Modi Launches "surgical Strike" on Black Economy

Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

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Economic Policy and Strategic Advisors

Macroeconomics

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Consumption and government spending drove upbeat 3Q16 growth: India’s GDP rose 7.3% y/y in 3Q16, up from 7.1% in 2Q16. Private consumption and government spending were the major growth drivers. Private consumption gained 7.6% y/y in 3Q16, up from 6.7% in 2Q16. Government spending rose 15.2% in 3Q16, down from 18.8% in 2Q16.</li>
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But investment remained a weakness, shrinking 5.6% y/y in 3Q16, down from a decline of 3.1% in 2Q16, due to sharply dampened private investment.</li>
</ul> Assessment: De-monetisation…



Consumption and government spending drove upbeat 3Q16 growth: India’s GDP rose 7.3% y/y in 3Q16, up from 7.1% in 2Q16. Private consumption and government spending were the major growth drivers. Private consumption gained 7.6% y/y in 3Q16, up from 6.7% in 2Q16. Government spending rose 15.2% in 3Q16, down from 18.8% in 2Q16.

But investment remained a weakness, shrinking 5.6% y/y in 3Q16, down from a decline of 3.1% in 2Q16, due to sharply dampened private investment.
 Assessment: De-monetisation…

India: Brace for De-Monetisation's Impact on Growth