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Slowdown impact: Quarter 2 GDP growth falls to 4.5%
A massive contraction in manufacturing, agriculture and mining activity pulled India's GDP growth rate down to 4.5 per cent in the second quarter ended September 2019-20.
This is the fifth successive quarter of decline and the slowest GDP growth rate over six years. The growth on a year-on-year basis during Q2 2018-19 had stood at 7 per cent.
On a sequential basis, the growth rate came lower than the 5 per cent in Q1 of 2019-20, 5.8 per cent in Q4 2018-19, 6.6 per cent in Q3 2018-19.
This is the fifth successive quarter of decline and the slowest GDP growth rate over six years. The growth on a year-on-year basis during Q2 2018-19 had stood at 7 per cent.
On a sequential basis, the growth rate came lower than the 5 per cent in Q1 of 2019-20, 5.8 per cent in Q4 2018-19, 6.6 per cent in Q3 2018-19.
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