GDP: Good information, up 4.7% in December quarter

by Jeremy Spirogis
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new Delhi. The official determine of GDP has been launched. The Gross Domestic Product (GDP) for the December 2019 quarter i.e. the third quarter of the present monetary 12 months has been 4.7 per cent. Earlier, GDP progress was 4.5% within the second quarter (September 2019). This was the bottom degree of GDP within the final 6 years. Experts had been anticipating GDP progress to enhance within the third quarter. However, as a result of corona virus, there’s a hazard of it falling once more within the fourth quarter i.e. March 2020.

The GDP progress determine of 4.7 per cent is best, because the quarter on which these figures are primarily based has not carried out nicely both. GDP progress within the third quarter of fiscal 12 months 2019 was 6.6 %, whereas it was 7 % within the second quarter of fiscal 12 months 2019.

Earlier, the RBI had lowered its GDP progress estimate from 6.1 per cent to five per cent. Along with this, RBI has additionally decreased its annual financial progress estimate to five per cent, which would be the lowest degree within the final 11 years. <! –

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GDP was estimated to be 6.1 % in October. The authorities has projected a GDP progress fee of 6 per cent for the monetary 12 months 2020-21.

At the identical time, in response to a separate information launched today, India's infrastructure output grew at 2.2 % in January. According to the information, as of April-January, the output elevated by 0.6 % over the identical interval final 12 months. Infrastructure output consists of sectors akin to coal, crude oil and electrical energy. They account for about 40 per cent of the nation's industrial output.

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