GDP growth slows to five-year low at 5.8% in January-March quarter

The Central Statistics Office (CSO), of the Ministry of Statistics and Programme Implementation (MOSPI) has released the estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2018-19 and Provisional estimates (PE) of national income for the financial year 2018-19. Quarterly Estimates (Q4, 2018-19): India's economic growth rate slowed to a five-year low of 5.8% in January-March 2018-19, due to poor performance in the agriculture and manufacturing sectors, official data released Friday said. The Central Statistics Office (CSO) also revealed that GDP growth during 2018-19 fiscal stood at 6.8%, lower than 7.2% in the previous financial year. The growth in the gross domestic product (GDP) was slowest since 2014-15. The previous low was 6.4% in 2013-14. READ| India's GDP Grows At 7.7% In Q4 FY 2017-18, With Full Year Growth Rate Estimated At 6.7% To $1.931 Trillion The fourth quarter growth was below China's 6.4% GDP growth rates for 2018-19 and Q1, Q2, Q3 and Q4 of 2018-19 at Constant (2011-12) and Current Prices are- Provisional estimates of GDP for 2018-19 As per the Provisional estimates of national income, the growth rate of GDP at constant (2011-12) prices for the financial year 2018-19 is estimated at 6.8% Real GDP or GDP at constant (2011-12) prices for the year 2018-19 is now estimated at Rs. 140.78 lakh crore over First Revised Estimates of GDP for the year 2017-18 of `131.80 lakh crore, released on 31st January 2019. Here is the full press release: READ| RBI Projects 7.4 Percent GDP Growth For FY20

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GDP growth slows to five-year low at 5.8% in January-March quarter

The Central Statistics Office (CSO), of the Ministry of Statistics and Programme Implementation (MOSPI) has released the estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2018-19 and Provisional estimates (PE) of national income for the financial year 2018-19.

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