GDP growth slows to 3.1% in Q4; fiscal deficit widens to 4.59% of GDP in 2019-20

Gross Domestic Product (GDP) 4th Quarter Data: The growth in GDP during 2019-20 is estimated at 4.2 per cent, slowing to an 11-year low, as compared to 6.1 per cent in 2018-19.

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Gross Domestic Product (GDP) 4th Quarter Data: Offering the first glimpse of the extent to which the Covid-19 outbreak and subsequent lockdown could impact the economy, the Gross Domestic Product (GDP) for the January-March quarter (Q4) grew by 3.1 per cent, as per provisional estimates released by Ministry of Statistics and Programme Implementation (MoSPI) on Friday. The GDP had expanded by 5.7 per cent in the corresponding quarter of 2018-19.

The growth in GDP during 2019-20 is estimated at 4.2 per cent, slowing to an 11-year low, as compared to 6.1 per cent in 2018-19, the statement said. The RBI had pegged the GDP growth for 2019-20 at 5 per cent as projected by the National Statistical Office in its first and second advance estimates released earlier this year in January and February respectively.