New Delhi, Nov 30 (TAC) The Gross Domestic Product(GDP) of the Indian Economy relentlessly is dipping down unprecedentedly
|| Dharmender Singh
India’s economic growth found slithered to an over 6 year low which is 4.5 percent in the Months July-September. This unfortunate economic situation unveiled after an official report and data released last Friday.
In the years 2012-13 during the period of January-March, a previous low percentage of GDP was recorded at 4.3 percent. But in the quarter of 2018-19, it was recorded highly as 7 Percent.
In between the period of April-September, the growth of the Indian economy with the figure of 4.8 percent against 7.5 percent in the same period, just a year ago.
The Apex Bank of India had also calculated the projection of GDP growth for the year 2019-20 to 6.1 percent apart from the earlier forecast of 6.9 percent.
In comparison to India, neighboring China’s economic growth was 6 percent in months of July-September 2019, which was the weakest expansion in over 27 years.