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Meanwhile, the CSO released the ‘advance estimates’ of growth for the 3rd quarter of the year, on February 28, 2017. The growth rate of the economy, in October–December quarter, has been estimated at 7.0 per cent (against the

7.4 per cent of the preceding quarter). Demonetisation had negative impact on growth but not as much as majority of the experts were projecting. In this way, the newly released data have “masked the impact of demonetisation” on growth prospects of the economy, about which even the Survey was apprehensive.