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%.