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GDP growth drops to 5.8 percent in March quarter

GDP growth drops to 5.8 percent in March quarter

India Blooms News Service | @indiablooms | 31 May 2019, 05:56 pm

New Delhi, May 31 (IBNS): The rate of India's  gross domestic product (GDP) growth in the January-March quarter of 2018-19 moved down to touch 5.8 percent, official data released on Friday revealed.

It stood at 6.6 quarter in the December quarter.

Quarterly Estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2018-19, both at Constant (2011-12) and Current Prices along with the corresponding quarterly estimates of expenditure components of GDP are also released.

"The four quarters of a financial year are denoted by Q1, Q2, Q3 and Q4.Estimates including growth rates of Q1, Q2 and Q3 of 2018-19 released earlier have been revised in accordance with the revision policy of National Accounts," read a government statement.

GDP at Constant (2011-12) Prices in Q4 of 2018-19 is estimated at Rs. 37.20 lakh crore, as against Rs. 35.15lakh crore in Q4 of 2017-18, showing a growth rate of 5.8 percent.  

GDP growth drops to 5.8 percent in March quarter

India Blooms News Service
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