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GDP grinds down to a 5-quarter low

Feb 28, 2019 18:45 IST

India's GDP for the third quarter stood at 6.6%, according to government data, marking the slowest GDP growth in a year coming below estimates of 6.9%. The growth in GDP for the year 2018-2019 was also revised to 7% from earlier estimation of 7.2%. Growth in the manufacturing sector in the third quarter also dropped by 1.9% year on year. Also of concern, is the sharp contraction in farm output numbers, coming in at 2.7% vs 4.6% year on year.

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