GDP Growth Slows To Five-year Low At 5.8% In January-March Quarter

Economy

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.

Written By Digital Desk | Mumbai | Updated On:

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.

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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:

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