India's GDP growth slumps to over 6-yr low of 5 per cent| Panchnama

30 Aug 2019 08:06 PM

India's GDP growth slumps to over 6-yr low of 5 per cent| Panchnama

Updated 30 Aug 2019 08:06 PM

Sharp deceleration in manufacturing output and subdued farm sector activity pulled down India's gross domestic product (GDP) growth to over six-year low of 5 per cent in the April-June quarter of 2019-20, according to official data released on Friday.
The gross value added (GVA) growth in the manufacturing sector tumbled to 0.6 per cent in the first quarter of this fiscal from 12.1 per cent expansion a year ago.
Similarly, farm sector GVA growth remained subdued at 2 per cent as compared to 5.1 per cent in the corresponding period of the previous fiscal.

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