India’s Fiscal Deficit In July At 77.8% Of 2019-20 Target

India’s fiscal deficit in July was at 77.8 percent of its 2019-20 target.

Meanwhile, data from the Central Statistics Office showed India’s GDP growth slowed to a six-year-low of 5 percent in the April-June quarter of 2019-20, as private consumption in the Indian economy weakened further.

A Bloomberg poll of 39 economists had estimated first-quarter GDP growth at 5.7 percent. GVA was estimated at 5.5 percent, according to a poll of 27 economists.