GDP growth likely to slow to 7.5 per cent in Q2: SBI Report

GDP growth likely to slow to 7.5 per cent in Q2: SBI Report
Highlights

The GDP growth in the September quarter is expected to decelerate to 7576 per cent over the previous threemonth period mainly due to slowdown in rural demand, an SBI research report said on Monday The GDP growth at constant prices 201112 was 82 per cent in the AprilJune quarter of 201819 The Central Statistics Office CSO will be releasing the estimates for GDP growth for JulySeptemb

New Delhi: The GDP growth in the September quarter is expected to decelerate to 7.5-7.6 per cent over the previous three-month period mainly due to slowdown in rural demand, an SBI research report said on Monday. The GDP growth at constant prices (2011-12) was 8.2 per cent in the April-June quarter of 2018-19. The Central Statistics Office (CSO) will be releasing the estimates for GDP growth for July-September on Friday.

The 'SBI Ecowrap' report said the SBI Composite Leading Indicator (CLI), a basket of 21 leading indicators for September quarter of the current fiscal, is showing a marginal declining trend. Consequently, the headline second quarter Gross Value Added (GVA) growth could be 7.3-7.4 per cent, due to the slowing of rural demand, it said.

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