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India's GDP growth slips to 4.5%, lowest in 6 years

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Christian Fernsby ▼ | December 2, 2019
India's economic growth slipped further to hit an over six-year low of 4.5 per cent in July-September.
India bank
Asian economy   India bank
The previous low was recorded at 4.3 per cent in the January-March period of 2012-13. The Gross Domestic Product (GDP) growth was registered at 7 per cent in the corresponding quarter of 2018-19.

Topics: India GDP

During the six-month period (April-September 2019), the Indian economy grew 4.8 per cent as against 7.5 per cent in the same period a year ago.

India's economic growth dropped to more than six-year low of 5 per cent in the April-June quarter of 2019-20 due to a sharp deceleration in the manufacturing sector and sluggish agriculture output.

The Reserve Bank had lowered the GDP growth projection for 2019-20 to 6.1 per cent from earlier forecast of 6.9 per cent.

China's economic growth was 6 per cent in July-September 2019, which was the weakest expansion in over 27 years.


 

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