Statsguru: Economic growth slows to 6-quarter low of 6.6% in Q3FY19

Sector-wise data shows that growth in Q3FY19 was pulled down largely by agriculture and public administration

India’s economic growth slowed down to a six-quarter low of 6.6 per cent in the third quarter of the current financial year, showed data released by the Central Statistics Office (CSO). As shown in Chart 1, growth is expected to be marginally lower at 6.5 per cent in Q4FY19.

The CSO also lowered its growth estimate for the full year to 7 per cent, down from 7.2 per cent earlier. This implies that over the past five years, the economy has grown at the slowest pace in FY19 (Chart 2).

Sector-wise data shows that growth in Q3FY19 was pulled down