GDP Growth slips to 5.8 % in Q4 in 2018 – 19 : Central Statistics Office (CSO)

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

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