Lacklustre performance of major segments drag down GDP growth in Q3

The only two indicators that grew at higher rates in Q3 of the current fiscal than the previous year were aggregate bank deposits and the consumer price index (CPI)-based inflation rate

Major indicators that are part of the calculation of the gross domestic product (GDP) — like production of coal and crude oil, sales of commercial vehicles, and cargo handled at airports — recorded lacklustre performance in the third quarter of financial year 2019-20 (Q3FY20), compared to the corresponding period of the previous year.

For instance, sales of commercial vehicles contracted 17.3 per cent in Q3, against a growth rate of 6.7 per cent in the corresponding period a year ago. Similarly, production of coal fell by 4.3 per cent, against a growth of 5.1 per cent a year ago. Some