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  4. GDP seen dropping to 5 percent in 2019-20: Govt data

GDP seen dropping to 5 percent in 2019-20: Govt data

The decline has been mainly on account of deceleration in manufacturing sector growth, which is expected to come down to 2 per cent in 2019-20 from 6.2 per cent in the year-ago fiscal, as per the first advanced estimates of the national income released by National Statistical Office(NSO) on Tuesday.

PTI Edited by: PTI New Delhi Updated on: January 07, 2020 18:16 IST
GDP seen dropping to 5 percent in 2019-20: Govt data
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GDP seen dropping to 5 percent in 2019-20: Govt data

The Indian economy is estimated to grow at 5 per cent in 2019-20 as against 6.8 per cent in the previous fiscal, according to government data. The decline has been mainly on account of deceleration in manufacturing sector growth, which is expected to come down to 2 per cent in 2019-20 from 6.2 per cent in the year-ago fiscal, as per the first advanced estimates of the national income released by National Statistical Office(NSO) on Tuesday.

The deceleration was also witnessed in sectors like agriculture, construction and electricity, gas and water supply.

Whereas, some sector, including mining, public administration, and defence, showed minor improvement. 

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