India's Sep-quarter GDP growth slips to 4.5%, the lowest in over six years

Q2 growth numbers fell, in line with economists' expectations, mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown

India’s July-September 2019 (Q2) gross domestic product (GDP) growth rate fell to 4.5 per cent, the lowest in more than six years, compared with 7.1 per cent in the same quarter of 2018-19, government data showed on Friday. The low rate of expansion was mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown.
 
In the previous quarter (April-June 2019), the country’s economic growth had stood at a seven-year low of 5 per cent, against 8 per cent Q1 growth a year earlier.

Gross value added