GDP growth in 2019-20 slows to 11-year-low of 4.2%
The Indian economy grew at 3.1 percent in the January-March quarter (Q4) of 2020, official gross domestic product (GDP) data released on Friday showed. For the full FY20 financial year, the number came to an 11-year-low of 4.2 percent against 6.1 percent in 2018-2019.
“Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2019-20 is now estimated to attain a level of ₹ 145.66 lakh crore, as against the First Revised Estimate of GDP for the year 2018-19 of ₹ 139.81 lakh crore, released on 31st January 2020. The growth in GDP during 2019-20 is estimated at 4.2 percent as compared to 6.1 percent in 2018-19,” an official press release said.
“GDP at Current Prices in the year 2019-20 is estimated to attain a level of ₹ 203.40 lakh crore, as against the First Revised Estimates of ₹ 189.71 lakh crore in 2018-19, showing a growth rate of 7.2 percent as compared to 11.0 percent in 2018-19,” it further read.