Friday (November 29): According to official data released today, India’s economic growth has continued its downward falling and has slipped further to 4.5 per cent in July-September.
This growth is recorded as lowest in the past six-years. The previous low was recorded at 4.3 per cent in the January-March period of 2012-13.
The Gross Domestic Product (GDP) growth was registered at 7 per cent in the corresponding quarter of 2018-19.
During the six-month period (April-September 2019), the Indian economy grew 4.8 per cent as against 7.5 per cent in the same period a year ago.
The Reserve Bank had lowered the GDP growth projection for 2019-20 to 6.1 per cent from earlier forecast of 6.9 per cent.
China’s economic growth was 6 per cent in July-September 2019, which was the weakest expansion in over 27 years.
China’s GDP growth slows to 6 pc in third quarter, slowest since 1992
[…] India’s Slow Growth Story: GDP further dips to 4.5 pc; slowest… […]