India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20

The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent

India’s economy grew 3.1 per cent in the January-March quarter compared with the same period last year, official data showed on Friday, reflecting the partial impact of the coronavirus pandemic. The headline number for the full FY20 financial year came to an 11-year low of 4.2 per cent, against 6.1 per cent in 2018-19, said the Ministry of Statistics and Programme Implementation (Mospi) in a statement. 

India’s eight infrastructure sectors contracted by a record 38.1 per cent in April, data from the industry department showed earlier in the day.

The services sector, which accounts for 55 per