从八品主簿
FULL MEMBER
- Joined
- May 11, 2019
- Messages
- 309
- Reaction score
- 0
- Country
- Location
GDP figures for March quarter also put India behind China's GDP growth rate for the first time in seven quarters. China registered a GDP growth rate of 6.4 per cent in quarter which ended in March.
HIGHLIGHTS
Growth rate of India's Gross Domestic Product (GDP) fell from 7.2 per cent in Financial Year 2017-18 to 6.8 per cent in FY 2018-19, due to poor performance in agriculture and manufacturing sectors, official data released Friday said.
In January-March 2018-2019 quarter, the GDP growth slowed down to hit below 6 per cent. In March quarter last year, Indian GDP grew at 8.1 per cent. This year, the growth rate slumped to 5.8 per cent, data from Central Statistics Office said.
Slowest GDP growth rate in five years
The March quarter growth rate is slowest since 2014-15. The previous low was 6.4 per cent in 2013-14.
GDP figures for March quarter also put India behind China's GDP growth rate for the first time in seven quarters. China registered a GDP growth rate of 6.4 per cent in quarter which ended in March.
According to government data, the growth of eight core sectors fell from 4.7 per cent in April last year to 2.6 per cent in same month this year.
Unemployment data out
The government also released the controversial unemployment figures. The data released by Central Statistics Office on Friday says India’s unemployment rate rose to 6.1 per cent in 2017-18 fiscal year - highest in 45 years.
The same figure was leaked by a newspaper in January.
Fiscal deficit data
The fiscal deficit for 2018-19 came in at 3.39 per cent of GDP, marginally lower than 3.4 per cent estimated in the revised estimates of the Budget, mainly due to increase in non-tax revenue and lower expenditure.
In absolute terms, fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 lakh crore as against Rs 6.34 lakh crore in the revised estimates of Budget.
The fiscal deficit for 2018-19 works out to be 3.39 per cent of GDP, as per data released by Controller General of Accounts (CGA).
https://www.indiatoday.in/business/story/gdp-figures-for-march-2018-19-quarter-1539543-2019-05-31
HIGHLIGHTS
- Annual GDP growth falls to 6.8% from 7.2% last year
- GDP falls below 6 per cent to 5.8 per cent in March quarter
- Unemployment rate rose to 6.1 per cent in 2017-18 fiscal year
Growth rate of India's Gross Domestic Product (GDP) fell from 7.2 per cent in Financial Year 2017-18 to 6.8 per cent in FY 2018-19, due to poor performance in agriculture and manufacturing sectors, official data released Friday said.
In January-March 2018-2019 quarter, the GDP growth slowed down to hit below 6 per cent. In March quarter last year, Indian GDP grew at 8.1 per cent. This year, the growth rate slumped to 5.8 per cent, data from Central Statistics Office said.
Slowest GDP growth rate in five years
The March quarter growth rate is slowest since 2014-15. The previous low was 6.4 per cent in 2013-14.
GDP figures for March quarter also put India behind China's GDP growth rate for the first time in seven quarters. China registered a GDP growth rate of 6.4 per cent in quarter which ended in March.
According to government data, the growth of eight core sectors fell from 4.7 per cent in April last year to 2.6 per cent in same month this year.
Unemployment data out
The government also released the controversial unemployment figures. The data released by Central Statistics Office on Friday says India’s unemployment rate rose to 6.1 per cent in 2017-18 fiscal year - highest in 45 years.
The same figure was leaked by a newspaper in January.
Fiscal deficit data
The fiscal deficit for 2018-19 came in at 3.39 per cent of GDP, marginally lower than 3.4 per cent estimated in the revised estimates of the Budget, mainly due to increase in non-tax revenue and lower expenditure.
In absolute terms, fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 lakh crore as against Rs 6.34 lakh crore in the revised estimates of Budget.
The fiscal deficit for 2018-19 works out to be 3.39 per cent of GDP, as per data released by Controller General of Accounts (CGA).
https://www.indiatoday.in/business/story/gdp-figures-for-march-2018-19-quarter-1539543-2019-05-31
