 "Weak global demand conditions and coronavirus-led commodity price easing would continue to provide some relief in the form of low negative net exports")
The gross domestic product (GDP) growth rate for the December quarter of financial year 2019-20 (Q3FY20) came in at a 27-quarter low of 4.7 per cent. The numbers would have been much lower if the third quarter growth of FY19 was not revised downwards to 5.6 per cent (from 6.6 per cent earlier). The government has also revised upwards the GDP growth figures for Q1 and Q2 of FY20 to 5.6 per cent and 5.1 per cent, respectively from 5 per cent and 4.5 per cent earlier.
The growth in the third quarter was supported mainly by two factors –
