GDP growth seen slipping under 5% in Sep quarter; may be in 4.2-4.7% range

A look at six indicators shows all of them have collapsed from positive growth in April to contraction in Sept

Finance minister Nirmala Sitharaman told the Rajya Sabha on Wednesday the country was not in recession yet, and won’t ever be.

A set of data arriving in a day may qualify the statement to some extent. The Ministry of Statistics and Programme Implementation (MoSPI) will release the data on gross domestic product (GDP) for the July to September quarter of the fiscal year 2019-20 (Q2FY20) on Friday.

Raising slowdown concerns, economists whom Business Standard earlier spoke to have concurred on one thing: The growth in GDP in Q2 would be between 4.2 and 4.7 per cent, slower than the 5