News:According to State Bank of India Ecowrap report,India’s GDP growth will slow down further in the second quarter(July to August),2019 to 4.2%. Facts: Highlights of the report: The report has forecasted GDP growth rate at 5 percent for FY 2019-20 from the earlier projection of 6.1 percent. The slowdown in growth will be due to… Continue reading Explained: Why SBI expects India’s Q2 GDP to grow by just 4.2%
Tag: GDP growth rate
Ind-Ra cuts GDP growth forecast in FY20 to 6.7%
India Ratings and Research has revised downwards its projection of the country’s GDP growth in financial year 2019-20 to 6.7% from an earlier estimate of 7.3% The reasons cited for lowering the growth projection are a) a slowdown in consumption demand; b) delayed and uneven progress of monsoon so far; c) decline in manufacturing growth;… Continue reading Ind-Ra cuts GDP growth forecast in FY20 to 6.7%
GDP growth slumps to 5.8%
According to data released by the Central Statistics Office (CSO), India’s quarterly GDP growth has declined to a five-year low of 5.83% in the last year (January-March) of FY19. Overall growth for FY19 also declined to a five-year low of 6.8%. China’s economy, in comparison, grew 6.4% in the last quarter but for the full… Continue reading GDP growth slumps to 5.8%
