India loses fastest-growing economy tag, Q4 GDP growth at 5.8% | Editorji
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India loses fastest-growing economy tag, Q4 GDP growth at 5.8%

May 31, 2019 20:19 IST

The Gross Domestic Product for the fourth quarter dipped to 5.8% amid concerns of slowing economic growth and muted consumption. The growth is the slowest recorded pace in the past two years missing analyst expectations and also much lower than 6.6% recorded in December last year. The entire year's growth was revised down to 6.8% for FY 2018-2019 from an earlier estimation of 7%. With this, India lost its fastest growing economy tag to China whose GDP grew at a pace of 6.4% in the last three months ending on 31st March.

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