Explorer

India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%

On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.

New Delhi:  A massive contraction in manufacturing and construction activities pulled India's GDP growth rate down to 3.1 per cent in the last quarter of 2019-20 from Q3's 4.1 per cent and 5.7 per cent rise reported for the like period of the previous fiscal. Consequently, India's FY20 GDP declined to 4.2 per cent from 6.1 per cent in FY19. On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3. Last fiscal, the Indian economy faced a severe demand slowdown on account of high GST rates, farm distress, stagnant wages and liquidity constraints. This time around, the national lockdown implemented to curb the Covid-19 outbreak has delt a severe blow to the economy.
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

1 Dead, 8 Hospitalised Due To Suffocation Amid Stampede-Like Situation During Jagannath Rath Yatra In Puri
1 Dead, 8 Hospitalised Due To Suffocation Amid Stampede-Like Situation During Puri Rath Yatra
French Elections: Macron And Le Pen's Parties Lag Behind Hard-Left Coalition, But No Majority In Sight, Early Trends Show
French Elections: Macron And Le Pen Lag Behind Hard-Left Coalition, But No Majority In Sight
Mumbai Hit-And-Run: Accused Still Absconding, Police Form 6 Teams To Nab Him, 2 Arrested So Far — Top Points
Mumbai Hit-And-Run: Accused Still Absconding, Police Form 6 Teams To Nab Him, 2 Arrested So Far — Top Points
Assam Floods: Rahul Gandhi To Meet Flood Victims At Lakhipur Relief Camp Tomorrow
Assam Floods: Rahul Gandhi To Meet Flood Victims At Lakhipur Relief Camp Tomorrow
Advertisement
ABP Premium

Videos

Maharashtra: Heavy Rain Causes Destruction In Thane, NDRF Deployed To Save 150 Tourists | ABP NewsUP News: Apna Dal (S) Leader Indrajit Patel Shot Dead In Soraon Due To rivalry | ABP NewsWeather Update: NDRF Personnel Deployed As 150 Tourists Get Stuck After Heavy Rains In MaharashtraMaharashtra: Heavy Rains In Thane Leaves 150 Tourists Stranded, Rescue Operation Underway | ABP News

Photo Gallery

Embed widget