Economy

India GDP growth slows to five-year low at 5.8%, falls behind China

A worker sleeps underneath an embroidery machine at a workshop in Mumbai on May 31, 2019.   | Photo Credit: REUTERS

India’s economic growth rate slowed to five-year low of 5.8% in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors, official data released on May 31 said.

The Central Statistics Office also revealed that GDP growth during the 2018-19 fiscal stood at 6.8%, lower than 7.2% in the previous financial year.

The growth in gross domestic product was slowest since 2014-15. The previous low was 6.4% in 2013-14.

The fourth quarter growth was below China’s 6.4%.

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Printable version | Mar 5, 2021 3:04:21 PM | https://www.thehindu.com/business/Economy/india-gdp-growth-slows-to-five-year-low-at-58-falls-behind-china/article27379062.ece

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