Insta
India’s GDP Growth Rate Down To 4.5 Per Cent In Q2; Manufacturing Slowdown Major Dent
Swarajya Staff
Nov 29, 2019, 05:46 PM | Updated 05:46 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
As per the recently released government data, the gross domestic product (GDP) growth rate fell to 4.5 per cent in July-September quarter (Q2) of this financial year, reports Business Standard.
In the same quarter last year, the GDP growth rate was 7.1 per cent.
India's real GDP has grown by 4.5% in the second quarter Q2 (July-September) of 2019-20. This is on a base of 7% in the corresponding quarter of 2018-19.
— Ministry of Statistics & Programme Implementation (@GoIStats) November 29, 2019
The low rate of expansion was mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown.
Get Swarajya in your inbox.
Magazine
1
RRTS Expansion Plans For NCR: Gurugram-Greater Noida Link, Karnal Extension, And Multi-Modal Integration Hubs In Gurugram
2d
2
Adani Group Begins To Face Global Fallout As Kenya Terminates Airport And Power Deals After U.S. Indictment Charges
2d
3
Assam: Supreme Court Directs NHAI To Expediate Rs 5,500 Crore Kaziranga Elevated Road Project
2d
