GDP seen dropping to 5 per cent in 2019-20, indicates Govt data

The decline has been mainly on account of deceleration in manufacturing sector growth, which is expected to come down to 2 per cent in 2019-20 from 6.2 per cent in the year-ago fiscal.
India’s gross domestic product (GDP) growth slowed to 5% in the quarter ended June.(HT File)
India’s gross domestic product (GDP) growth slowed to 5% in the quarter ended June.(HT File)
Updated on Jan 07, 2020 06:17 PM IST
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New Delhi | ByPress Trust of India

The Indian economy is estimated to grow at 5 per cent in 2019-20 as against 6.8 per cent in the previous fiscal, according to government data.

The decline has been mainly on account of deceleration in manufacturing sector growth, which is expected to come down to 2 per cent in 2019-20 from 6.2 per cent in the year-ago fiscal, as per the first advanced estimates of the national income released by National Statistical Office(NSO) on Tuesday.

The deceleration was also witnessed in sectors like agriculture, construction and electricity, gas and water supply.

Whereas, some sector, including mining, public administration, and defence, showed minor improvement.

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Thursday, January 20, 2022