GDP growth hits 3-year low of 5.7%, slowest under Modi govt

Manufacturing shrinks 1.2%, construction up 2%

Economic growth plunged to 5.7 per cent in April-June of the current financial year (FY18), the lowest in the three-year rule of the Modi government due to demonetisation and destocking by companies following pre-goods and services tax (GST) jitters. 

With this, India lagged China in terms of growth in gross domestic product (GDP) for the second consecutive quarter. The Chinese economy expanded 6.9 per cent in each quarter. 

Gross value-added (GVA) grew by 5.6 per cent in April-June, the same rate as in January-March, according to the data released by the Central Statistics Office.

GDP growth is down from 7.9