BusinessGDP Growth At 4.5% In July-September, Worst In More Than 6 Years: 10 Points
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GDP Growth At 4.5% In July-September, Worst In More Than 6 Years: 10 Points
Manufacturing activity contracted 1% in second quarter of current fiscal
India lost position as world's fastest growing major economy last year
Economists say GDP growth is expected to pick up in coming months
The economy is struggling against a growth slowdown due to weak consumption and thousands of job losses
Friday's economic data highlights a prolonged slowdown in the economy, with growth coming in below the 7 per cent mark for the fourth quarter in a row. Many economists and financial institutions have lowered their growth projections for the year ending March 2020.
In an official press release, the National Statistical Office (NSO) said three economic activities - 'trade, hotels, transport, communication and services related to bro...