GDP growth slips to 5.8% in Q4, stands at 5-year low of 6.8% in full FY19

FY19 fiscal defict at Rs 6.45 trillion, or 3.4 per cent of GDP; April core sector growth slows to 2.6%; FY18 unemployment rate at 6.1 per cent

The rate of gross domestic product (GDP) growth in the January-March quarter of 2018-19 slipped to 5.8 per cent, mainly due to a slowdown seen in the country’s key sectors like agriculture, industry and manufacturing in the past nine months. The economic growth rate for the full 2018-19 financial year stood at a 5-year low of 6.8 per cent, showed data released by the Central Statistics Office (CSO) on Friday. The numbers were way below the forecast of 6.5 per cent for the March quarter and 7.1 per cent for FY19.

The country’s fiscal deficit in full 2018-19 stood at 3.4