India GDP growth dips to 3.1% in Jan-Mar; 4.2% in FY20 | Editorji
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India GDP growth dips to 3.1% in Jan-Mar; 4.2% in FY20

May 29, 2020 18:37 IST

India’s GDP growth slowed to 3.1% in the March quarter compared to 5.7% in the corresponding period, just as the government began locking down the country to contain the spread of coronavirus. However, it was better than the expectation of 1.6%, according to the analysts at Motilal Oswal. GDP growth was 4.2% in the fiscal year ended March 2020, as per the data released by the statistics department. The growth was slower than the 5%, the government expected before the virus outbreak. Analysts believe the economy may be heading for a major shock in the June quarter.

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