India Last October-December GDP Growth Low Level New Virus Concerns February 29 0:06
India's GDP = Gross Domestic Product growth from last October to December last year remained at a low level, although it improved slightly from the same quarter of the previous year by 4.7% compared to the previous quarter. .
The Indian government announced on October 28 that GDP growth from October to December last year was 4.7% higher than the same period of the previous year.
This was a slight improvement of 0.2 points from the previous quarter, but still the lowest since 2013.
Every year from October to December is the period when consumption is most active in India, such as the Hindu New Year festival, but domestic consumption has not improved mainly in automobiles, and the manufacturing industry continues to decline And the slowdown of the Indian economy is prolonged.
The Indian government forecasts a 5% growth rate for the full year 2019 this year, but in the fourth quarter from January to March, the global outbreak of the new coronavirus will affect the economy. There is concern over the impact, and it is possible that these forecasts may be lower.