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However he did not buy the theory that rural sector was drastically came to receiving end of demonetisation bullet."GDP number belies exaggerated claim by many that rural sector was in distress.1 per cent in during FY17.According him a thorough vetting of prevalent fiscal situation was needed to arrive at exact figures. CSO also said that GDP will grow at a substantially higher rate of 7.

On Tuesday, Central Statistics Organisation released GDP numbers and pegged growth at 7 per cent for October-December quarter.According to him, remonetisation up substantially, its combination with economic resilience has shown some signs of return of growth.. Agricultural growth was at record high," he said.

"Remonetisation up substantially, its combination with economic resilience has shown some signs of return of growth," he said.Chief statician T C A Anant after releasing the GDP numbers told the mediapersons that it was hard to calculate full impact of demonetisation on economy.Mumbai: Finance Minister Arun Jaitley on Wednesday accepted that the abrupt recall of high value notes on November 8 last year hit GDP growth hard in the third quarter FY17."Q3 GDP data substantially impacted by demonetisation," Jaitley said who believed countrys economic growth brass signs wholesale was likely to pick up further in coming quarters