GDP Growth Moderates To 6.6% Pulling Down Economic Expansion In FY19

GDP Growth Slows To 6.6% In December Quarter

GDP Growth Slows To 6.6% In December Quarter

India's economic growth slowed to a 5-quarter low of 6.6 percent in the October-December period of this fiscal, according to government data released on Thursday.

Data showed that the GDP growth slowed for the third consecutive quarter in the quarter ended December 2018 to 6.6% - a six-quarter low - from 7% in the second quarter and 8% in the first quarter of this financial year.

The growth in GDP during 2018-19 is estimated at 7 per cent as compared to the growth rate of 7.2 per cent in 2017- 18, the Ministry of Statistics said. The growth estimate has been lowered to 7 per cent in 2018-19 from 7.2 per cent released earlier, said Central Statistics Office. A slowdown in GDP growth momentum supported the central bank's dovish turn earlier this month when it cut key interest rates and changed its policy stance to "neutral" to boost expansion after a sharp fall in inflation.

In gross value added (GVA) terms, the economy grew at 6.3 percent in the third quarter of FY19. For the next financial year, the RBI has projected GDP growth to be in the range of 7.2-7.4 per cent for the first half, and 7.5 per cent in the third quarter, with risks somewhat to the downside.

Ryan Seacrest Hits the Gym Amid Reports of Shayna Taylor Split
The host and his girlfriend of almost three years, Shayna Taylor , have reportedly called it quits ... according to PEOPLE . We all deserve a little love today".

At 7 percent, growth in the Indian economy has fallen to a five-year low. "Based on the revised first three quarters and annual numbers, Ind-Ra's calculation shows that the GDP growth in Q4 has to be 6.5% to attain overall 7.0% growth in FY19".

If we look at the pace of growth between FY19 and FY18 growth, there are visible signs of slower farm and allied activities growth at 2.7 per cent against 5 per cent in FY18.

Core sector growth in January also slowed down to 1.8 per cent against 2.7 per cent on a sequential basis and 6.2 per cent on a yearly basis. The manufacturing sector, too, is estimated to grow at a marginally lower 8.1% compared with the previously predicted 8.3%.

GVA at basic prices for 2018-19 from electricity, gas, water supply and other utility services sector is estimated to grow by 8.0 per cent as compared to growth of 8.6 per cent in 2017- 18.

Recommended News

  • Trump Ordered Top-Secret Clearance For Kushner Despite Others' Concerns

    Trump Ordered Top-Secret Clearance For Kushner Despite Others' Concerns

    Trump previously denied ordering a clearance for Kushner , telling the Times in January, "I don't want to get involved". Abbe Lowell, Kushner's lawyer , also claimed that the clearance had gone through standard channels.
    Snowplow hits buried car, crew saves woman stuck inside

    Snowplow hits buried car, crew saves woman stuck inside

    Police said they do not know if she was living in her auto or where she was from. "She wasn't making any noise". He said the city has had problems with illegally parked vehicles, which slows snow removal.

    Devil May Cry 5’s Final Trailer Reveals a Surprise Character

    Any and all support helps keep DualShockers as a standalone, independent platform for less-mainstream opinions and news coverage. If you're trying to avoid any spoilers before launch day, I'd suggest that you might just want to pass on watching this one.
  • Gap to separate Old Navy, close stores; shares jump

    Gap to separate Old Navy, close stores; shares jump

    Peck will hold the same position in the new company, while Old Navy CEO Sonia Syngal will stay on as head of the standalone firm. The question for Gap will be how it rebounds and reorganizes after the split, Cohen said.
    Lady Gaga talks about *that* Oscars performance with Bradley Cooper

    Lady Gaga talks about *that* Oscars performance with Bradley Cooper

    As expected from the very man who directed A Star Is Born! Alas, she did not - she's just that good of a performer, like Bradley. During an appearance on Jimmy Kimmel Live on Wednesday, the host asked Gaga , 32, about the performance.
    EVO 2019 Drops Super Smash Bros. Melee

    EVO 2019 Drops Super Smash Bros. Melee

    Regardless of whether you think Melee needs EVO or vice versa, the news of its EVO 2019 departure signals the end of an era. Ultimate , which released this past December and would mark the game's first showing at the event.
  • OnePlus, Qualcomm to start 5G trials in India | newkerala.com #107060

    OnePlus, Qualcomm to start 5G trials in India | newkerala.com #107060

    This signals OnePlus' intent to compete with rivals but their decision to scoff at wireless charging seems a little perplexing. However, this year many phone makers adopted wireless charging, switching to glass backs on their phones to enable it.
    As Measles Concern Rises, Lawmakers Mixed On What To Do About Vaccination

    As Measles Concern Rises, Lawmakers Mixed On What To Do About Vaccination

    In Montana, one representative is working to make it easier for parents to opt-out of vaccines for children in daycare. In the case of measles, the herd-immunity threshold is 95 per cent, but B.C.'s vaccination rate is lower than that.
    Emilia Clarke says Game of Thrones final season will ‘shock people’

    Emilia Clarke says Game of Thrones final season will ‘shock people’

    Elsewhere, the teaser includes new looks at Big Little Lies , Watchmen , Deadwood , The Case Against Adnan Syed , and many others. It's good to hear that the special edition packages won't be hard to find; I'm gonna need a few of these for our watch parties.
  • Two more measles cases in Vancouver area, bringing total to 15 infections

    Two more measles cases in Vancouver area, bringing total to 15 infections

    Thirty to 40 students and adults have recently temporarily removed from particular schools where the outbreak is taking place. Two new cases of measles have been confirmed in Vancouver, one of which was reported at a Kitsilano daycare for toddlers.
    Why is Killer Mountain so risky ? British climber MISSING

    Why is Killer Mountain so risky ? British climber MISSING

    Nanga Parbat (also known as Nangaparbat Peak or Diamir) is the ninth highest mountain on Earth and the 2nd highest in Pakistan. The mountain is one of the eight-thousanders - a group of mountains that are more than 8,000 metres in height above sea level.
    Ellen Page Lets Stand Blaming Trump Administration For Hoax Hate Crime

    Ellen Page Lets Stand Blaming Trump Administration For Hoax Hate Crime

    One question is whether the pressures and anxieties of modern fame played any role in Smollett's seemingly inexplicable behavior. LGBTQ people, especially trans women of color, are at a greater risk as well. "This is the story that must be told ", Page said.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.