India's economy grew by 7.3 per cent in the quarter ending September when compared to the same quarter a year earlier, the Central Statistics Office said Wednesday, dpa reported. The figure was in line with analyst expectations and outpaced the previous quarter's growth of 7.1 per cent. The quarterly gross domestic product (GDP) data comes as concerns grow about the economy following a government decision to withdraw high-value currency notes, which experts believe will disrupt economic activity and hurt growth. Bank notes of 500 and 1,000 rupees (7 and 15 dollars) ceased to be legal tender from midnight of November 8, shortly after Prime Minister Narendra Modi announced the move to fight corruption and tax evasion.
