New Delhi: India's GDP growth rate during the last financial year i.e. 2019-20 has been the lowest in the last 11 years. The growth rate of GDP in 2019-20 has been 4.2 percent whereas during 2018-19 this figure was 6 percent.
During the last quarter of 2019-20 i.e. January to March 2020, the growth rate of GDP has been 3.1%. With this figure for the last quarter of the last financial year, the growth rate of the entire financial year has been just 4.2 percent, which is the lowest during the last 11 years.
Let me tell you that in the last quarter i.e. October-December quarter, the country's GDP came in at 4.7 percent, which was a low of about seven. All the agencies of the country and the world have predicted India's GDP growth to be between 0.5 per cent and 3.6 per cent in the March quarter.
GDP rate for first three quarter of FY 2019-20
The country's GDP was 5 percent in the first i.e. April-June quarter of the financial year 2019-20. After this, the country's GDP stood at 4.5 percent in the second i.e. July-September quarter. At the same time, in the third i.e. October-December quarter, the country's GDP rate came to 4.7 percent. However later the country's GDP figures were revised and GDP figures of 5.6 per cent in the first quarter and 5.1 per cent were reported in the second quarter.
Estimates of agencies for GDP figures
Crisil had projected the country's GDP to be 4 percent in the fiscal year 2019-20 and 0.5 percent in the March quarter. SBI Research had projected GDP growth of 1.2 per cent in the March quarter and 4.2 per cent in the last financial year. At the same time, ICICI estimated 1.5 percent in the March quarter and 4.2 percent in the last financial year. ICRA forecasted an economic growth rate of 1.9 per cent in the March quarter and 4.3 per cent in the last financial year. India Ratings and Care Ratings have projected economic growth of 3.6 per cent in the March quarter and 4.7 per cent in the last financial year.
Pakistan: Finally Pakistan bowed before IMF for a loan, the bill passed to meet demands
To avoid bankruptcy, Pakistan was finally forced to bow down to the International Monetary Fund (
Simri police station has arrested one accused in the case of abusing Prime Minister Narendra Modi
Washington. Protest is increasing in the US in the death of black George Floyd. Curfew has been i
India China Conflict China is once again not deterring its antics in Ladakh. Now there is news of
Amidst the Lok Sabha elections, there were speculations that Congress leader Priyanka Gandhi woul
Veteran Bharatiya Janata Party leader Sushil Modi, who remained the prominent face of Bihar polit
Heavy snowfall on mountains, prepare to avoid cold, how will be the weather in Delhi NCR
The hill states of North India received heavy snowfall on Monday. Major highways were closed in J
There has been a decrease in the foreign currency assets of the country again. It has registered
Tensions between Russia and Ukraine have escalated for some time now. Talking about some special
BJP has suffered a major setback before the UP assembly elections. Swami Prasad Maurya, a ministe
