India GDP growth slides to 4.5% in July-September quarter

India's gross domestic product (GDP) grew 4.5% in Q2 September 2019, the lowest since Q4 March 2013.

Gross value added (GVA), which is GDP minus taxes, grew 4.3% in Q2 September 2019, compared to 4.9% in Q1 June 2019 and 6.9% in Q2 September 2018.

The farm sector grew 2.1% while the manufacturing sector de-grew -1% in July-September 2019.

Growth rates of private final consumption expenditure (PFCE) at current and constant prices are estimated at 7.8% and 5.1% during Q2 September 2019 as compared to 14.4% and 9.8% respectively during Q2 September 2018.

Growth rates of gross fixed capital formation (GFCF) at current and constant prices are estimated at (-)0.9% and (-)3% during Q2 September 2019 as compared to 16.2% and 11.8% during Q2 September 2018.

 

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