Live
- Complete TTD model temple works in Prayagraj: JEO
- TGEC holds meet on fixing private school fees
- Visakhapatnam: RPF issues advisory to visitors on illegal parking
- IITH, Japanese city sign MoU for personnel exchange
- Rice millers, traders rig prices, exploit farmers, consumers
- Visakhapatnam: RINL wins gold award in energy conservation
- PETA sets up billboard, urges to ‘Go Vegan’
- Group 1 aspirants pin hopes on 1:100 ratio
- Sai Manohar takes charge as Madhapur Traffic DCP
- Visakhapatnam: City police impose curbs for New Year celebrations
Growth woes: India's Q1 FY20 GDP growth slows to 5%
Highlights
India's GDP growth rate continued its downslide for the fourth quarter on the trot to 5 per cent in the first quarter of FY2019-20 from 5.8 per cent in Q4 of FY2018-19.
New Delhi: India's GDP growth rate continued its downslide for the fourth quarter on the trot to 5 per cent in the first quarter of FY2019-20 from 5.8 per cent in Q4 of FY2018-19.
This effectively means that the country's growth rate has fallen by 3 per cent in barely a year's time.
This is the fourth successive decline in the GDP, from 8 per cent in Q1 FY19 to 5 per cent in this quarter.
According to the National Statistical Office (NSO), the GDP at 'Constant (2011-12) Prices' in Q1 of FY2019-20 is estimated at Rs 35.85 lakh crore, as against Rs 34.14 lakh crore in Q1 of 2018-19, showing a growth rate of 5 per cent.
Next Story
ADVERTISEMENT
