Q4 GDP growth is at 5.8%; joblessness is highest in 45 years
Four different macroeconomic data points released on Friday — GDP growth, fiscal deficit, unemployment numbers and core sector data — brought to the fore the enormous challenges the Modi 2.0 team faces in resurrecting the faltering economy and restoring the confidence of investors.
The four macro data points — albeit for different periods — present a less-than-optimistic picture of the economy, warranting some focussed handling by the new dispensation, economy watchers say.
GDP growth
The fourth-quarter GDP growth for 2018-19 came in at 5.8 per cent, much lower than the 8.1 per cent recorded in the same quarter the previous fiscal.
It was also lower than the 6.6 per cent growth recorded in the third quarter ended December 31, 2018, official data showed.
For the entire fiscal 2018-19, the GDP growth came in at 6.8 per cent, lower than the 7.2 per cent growth recorded in the previous fiscal.
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