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GDP Growth Downward to 4.5% in Q2 of 2019-2020

HIGHLIGHTS

  • In Q2 2019-20, India’s GDP declined from 5% to 4.5% in Q1
  • In the Q2 of 2018-19, the GDP growth rate was 7.1%
  • GDP numbers are now decreasing from 7 quarters

Grass Domestic Product continued its downward trend for the seventh consecutive quarter, dropping to 4.5% in the second quarter (July to September) of 2019-20. That’s a decrease of 0.5 percentage points compared to the previous quarter. Compared to the second quarter of 2018-19, it is down 2.6 percentage points. In the second quarter of last year, GDP growth was 7.1%.

GDP growth in the last quarter was the lowest in more than six years. Earlier levels were 4.3% in the last quarter (January-March) of 2012-13.

GDP numbers were also released along with data from eight core infrastructure industries, which recorded output declines of 5.8% in October. In October, six out of eight core industries saw a contraction in production. Coal was the most affected, falling sharply by 17.6%.

 

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