GDP growth in Q3 slows to 6-quarter low of 6.6%

Statistics office projects economic growth in 2018-19 at slowest pace under Modi govt

Growth in gross domestic product (GDP) slowed to a six-quarter low of 6.6 per cent in the third quarter (Q3) of 2018-19 (FY19) due to subdued expansion in agriculture, manufacturing, and government expenditure, the data released by the Central Statistics Office (CSO) shows. Investment activity, however, continued to grow at a healthy pace.

The CSO lowered estimate of economic growth for Q1 and Q2 of FY19 to 8 per cent and 7 per cent, respectively, from 8.2 per cent and 7.1 per cent, respectively. As a result, the forecast for the full-year growth has been revised downwards to the lowest