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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
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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.
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