According to the data released by the National Statistics Office (NSO) on Friday, the GDP growth rate in the July-September quarter stood at 5.4 percent.
New Delhi: India's GDP (Gross Domestic Product) growth rate fell further to 5.4 percent in the July-September quarter of the current financial year. This is the lowest in seven consecutive quarters. If we consider the monthly figure, it is also the lowest in almost 2 years. The growth rate has never fallen so low after the Corona pandemic. This heavy fall in GDP in the second quarter of the financial year 2024-25 is quite significant in terms of the national economy. Economists had expected the economic growth rate to be 6.2 percent to 6.9 percent this financial year.
According to the data released by the National Statistics Office (NSO) on Friday, the GDP growth rate in the July-September quarter stood at 5.4 percent. In this regard, the manufacturing sector and the mining-related sector are of great concern. The GDP growth rate in the same quarter of the 2023-24 financial year was 8.1 percent. From there, this is a huge decline in numbers. Although the government is repeatedly promoting that the country is progressing as a fast-growing large economy. It is noteworthy that the economic growth rate in the first quarter of the 2024-25 financial year was 6.7 percent.
Incidentally, the last time the GDP growth rate was so low was in the third quarter of the 2022-23 financial year. The time was from October to December 2022. The GDP growth rate during that period was 4.3 percent. That time was the time of the Corona pandemic. After that, this figure is the lowest in terms of quarters.
According to the data released by the National Statistics Office (NSO) on Friday, the GDP growth rate in the July-September quarter stood at 5.4 percent. In this regard, the manufacturing sector and the mining-related sector are of great concern. The GDP growth rate in the same quarter of the 2023-24 financial year was 8.1 percent. From there, this is a huge decline in numbers. Although the government is repeatedly promoting that the country is progressing as a fast-growing large economy. It is noteworthy that the economic growth rate in the first quarter of the 2024-25 financial year was 6.7 percent.
Incidentally, the last time the GDP growth rate was so low was in the third quarter of the 2022-23 financial year. The time was from October to December 2022. The GDP growth rate during that period was 4.3 percent. That time was the time of the Corona pandemic. After that, this figure is the lowest in terms of quarters.
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