India’s economy expanded as its slowest pace in over a year in the fourth quarter of 2018-2019, according to government data released on Friday evening.
Gross domestic product (GDP) growth rose at 5.8% for the quarter that ended March 2019, reinforcing fears that the new Narendra Modi government’s first task would be to revive flagging economic growth.
Data released by the statistics ministry also showed that the economic growth rate for FY’19 came in at a five-year low of 6.8%, on the back of a consumption and investment slowdown.
The numbers that were released on Friday are below market expectations: earlier estimates had predicted that Q4 growth would be 6%-6.5% and that growth for the whole financial year would be 7%-7.1%.
https://thewire.in/economy/india-gdp-growth-slumps-fourth-quarter
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India’s economy expanded as its slowest pace in over a year in the fourth quarter of 2018-2019, according to government data released on Friday evening. Gross domestic product (GDP) growth rose at 5.8% for the quarter that ended March 2019, reinforcing fears that the new Narendra Modi government’s first task would be to revive flagging economic growth. Data released by the statistics ministry also showed that the economic growth rate for FY’19 came in at a five-year low of 6.8%, on the back of a consumption and investment slowdown. The numbers that were released on Friday are below market expectations: earlier estimates had predicted that Q4 growth would be 6%-6.5% and that growth for the whole financial year would be 7%-7.1%. https://thewire.in/economy/india-gdp-growth-slumps-fourth-quarter