The GDP growth rate has now slowed for the sixth consecutive quarter with the previous low recorded at 4.3 per cent in March 2013.
Owing to a deceleration in manufacturing output and subdued farm sector activity, India’s GDP growth slipped to a 26-quarter low of 4.5 per cent in the second quarter (July-September) of the current fiscal, data released by National Statistical Office (NSO) Friday showed. The GDP growth rate has now slowed for the sixth consecutive quarter with the previous low recorded at 4.3 per cent in March 2013.
The July-September growth rate of gross value added (GVA), which is GDP minus net product taxes, has slowed to 4.3 per cent as against 6.9 per cent a year ago. With this, the GDP growth rate for April-September, the first half of this fiscal, stands at 4.8 per cent as against 7.5 per cent a year ago.
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