Slowdown pangs: Sep quarter GDP growth may slip below 5%, says govt

This is in-line with most revised estimates by government bodies, research firms and ratings agencies

The government estimates internally that the July-September quarter gross domestic product (GDP) growth will be even lower than the April-June quarter, based on the available indicators and data.

This means for the first time since the January-March quarter of 2012-13, GDP growth is expected to slip below the 5 per cent-mark. For that quarter, real GDP growth was 4.3 per cent.

Real GDP growth for the April-June quarter was 5 per cent, the lowest since 2013. The nominal GDP growth was 8 per cent, the lowest since the third quarter of 2002-03.

“We expect a pick up in the second