Slowdown blues: Services sector only bright spot for GVA growth rate

For the 'electricity, gas, water supply and other utility services' sector, GVA grew by 3.6 per cent against 8.7 per cent

While the services and construction sectors grew at a much slower pace in the July-September quarter of this fiscal year (Q2FY20) compared to the same period last year, these were the only bright spots for the gross value added (GVA) growth rate.

GVA for the “public administration, defence and other services” sector, at 2011-12 base year, grew by a staggering 11.6 per cent in Q2FY20 as compared to a growth rate of 8.6 per cent for the same period last year.

“The key indicator of this sector — Union government revenue expenditure net of interest payments excluding subsidies — grew