Slow Q2 GDP growth: Weak credit, manufacturing need fixing, say experts

The rate of economic expansion was the lowest in more than six years; it slipped from 5 per cent in Q1 this year and 7.1 per cent in Q2 of FY19

India’s gross domestic product (GDP) growth rate fell to 4.5 per cent in the July-September quarter (Q2) of this financial year, compared with 7.1 per cent in the same quarter of 2018-19, government data showed on Friday. The low rate of expansion was mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown.

Here are some expert reactions to India's Q2 GDP numbers:

S C Garg, former finance secretary: A 4.5 per cent growth rate shows that there is deeper slowdown than anticipated. Q3 does