The Central Statistics Office (CSO), the
rate of gross domestic product (GDP) growth in the January-March quarter of
2018-19 decreased to 5.8% as compared to the forecast of 6.5%.
The economic growth rate for the full 2018-19
financial year stood at a 5-year low of 6.8% when compared with 7.1%
The main reason behind the slip is the slowdown
in the countrys key sectors like agriculture, industry and manufacturing in the
past nine months.
India’s fiscal deficit in full 2018-19 stood at
3.4% of GDP.
The revised target is around Rs 24.1 trillion.
The Gross value added (GVA) growth for FYI 9 came was at .6%.
The sectors which registered growth GDP rate of
over 7% in FYI 9 are public administration, defence and other services (8.6 per
cent), construction (8.7 per cent), financial, real estate and professional
services (7.4 percent), electricity, gas, water supply & other utility
services (7 per cent).
About Central
Statistics Office
Formed May 2, 1951
Jurisdiction : Government of India
Headquarters : New Delhi, India
Minister responsible : DV Sadananda
Gowda, Minister of Statistics and Programme Implementation
