China News Agency, Kathmandu, February 28th. News from New Delhi: India ’s Central Bureau of Statistics released data on the 28th. India ’s fiscal 2019-2020 (April 2019 to March 2020) third quarter GDP growth It is 4.7%, the lowest value in the past 7 years.
Reuters reported that data showed that India's government spending, private investment and exports all showed a downward trend during the quarter, while only consumption rose slightly.
According to the "India Express" report, the 4.7% growth rate was mainly dragged down by the shrinking manufacturing industry. This is also the lowest quarterly growth rate since the fourth quarter of the 2012-2013 fiscal year.
The Hindustan Times reported that the Central Bureau of Statistics also revised the GDP growth rate in the first quarter of the fiscal year from 5.0% to 5.6%, and revised the GDP growth rate in the second quarter from 4.5% to 5.1%.
The Times of India quoted statistics saying that from April to December 2019, India's GDP growth rate reached 5.1%. However, the same period in 2018, this value was 6.3%, there is a certain downward trend.
According to an article in the Economic Times of India, the spread of the new crown pneumonia epidemic globally may have more negative impact on India's economic growth in the fourth quarter of this fiscal year. (Finish)