India's GDP Growth Slows To 3.1% In March Quarter, 4.2% For FY20 - News Summed Up

India's GDP Growth Slows To 3.1% In March Quarter, 4.2% For FY20


GDP growth in financial year 2019-20 was at 4.2%. The GDP had expanded by 5.7% in the corresponding quarter of 2018-19, according to data released by the National Statistical Office (NSO). Indian economy grew at 3.1% in January-March quarter, government data showed. Recently, SBI research report Ecowrap, predicted fourth quarter GDP growth at 1.2%, with full year growth expected to be at 4.2%. The report, according to PTI, said the fourth quarter GDP growth numbers is noteworthy as it includes one week of lockdown which has the potential to skew the growth numbers.


Source: Huffington Post May 29, 2020 12:39 UTC



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