India GDP + 5% Low level for the first time in 6 years August 31 5:34
India's GDP growth from April to June increased by 5% compared to the same period of the previous year, the lowest level in six years against the backdrop of trade friction between the US and China I stayed. Raising the bottom of the economy is likely to be the biggest challenge for the Modi administration, which has sustained economic growth as the pillar of its second commitment.
The growth rate of GDP for the quarter from April to June announced by the Indian government on the 30th was a 5% increase compared to the same period of the previous year.
Compared to the previous three months, the growth rate was 0.8 points lower, staying at a low level for the first time in six years since April 2013 to June 2013.
This is because domestic consumption, including automobiles, has been sluggish, and has fallen in a wide range of industries such as manufacturing and agriculture, forestry and fisheries.
The Indian economy has continued to grow at a high rate of around 7% for the past several years. Sustained economic growth is the biggest political agenda for the Modi administration, which started the period.
The Modi administration will take measures such as deregulating investment restrictions by foreign capital in the future, and attention will be paid to whether the economy will recover in the future.