India's GDP growth slows to 6.6pc | The Daily Star
12:00 AM, March 01, 2019 / LAST MODIFIED: 12:06 AM, March 01, 2019

India's GDP growth slows to 6.6pc

India's gross domestic product (GDP) growth stood at 6.6 percent in 2018's last quarter, government data showed yesterday, marking the slowest economic growth rate since the corresponding period two years ago.

The economic growth for the previous quarter (July-September) of 2018-19 was revised down from 7.1 to 7 percent, according to an official statement.

The growth rate in the third quarter of the current financial year also marked a significant drop from a more than two-year high of 8.2 percent in April-June, 2018.

The GDP growth during 2018-19 is estimated at 7 percent whereas it was 7.2 percent in 2017-18, the Ministry of Statistics and Program Implementation said in its statement.

The Central Statistics Office has projected GDP growth to average at 7.2 percent in the entire financial year (2018-19).

The Reserve Bank of India, however, had estimated GDP growth at 7.4 percent in 2018-19. For the next financial year, it has projected it to be in the range of 7.2 to 7.4 percent for the first half and 7.5 percent in the third quarter.

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