National

ETV Bharat / business

GDP growth slows to 5 year low at 5.8% in January-March

The Central Statistics Office (CSO) also revealed that GDP growth during 2018-19 fiscal stood at 6.8 per cent, lower than 7.2 per cent in the previous financial year.

Concept Image

By

Published : May 31, 2019, 6:10 PM IST

New Delhi: India's economic growth rate slowed to a five-year low of 5.8 per cent in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors, official data released Friday said.

The Central Statistics Office (CSO) also revealed that GDP growth during 2018-19 fiscal stood at 6.8 per cent, lower than 7.2 per cent in the previous financial year.

Read more:Fiscal deficit lower at 3.39% in 2018-19

The growth in gross domestic product (GDP) was slowest since 2014-15. The previous low was 6.4 per cent in 2013-14.

The fourth quarter growth was below China's 6.4 per cent.

ABOUT THE AUTHOR

...view details