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GDP growth moderates to 3.1 % in March 2020 quarter
(18:10, 29 May 2020)

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India's-Gross-Domestic-Product-(GDP)-growth-moderated-sharply-to-3.1%-in-the-quarter-ended-March-2020-from-4.1%-in-the--preceding-quarter-and-5.7%-growth-in-the-corresponding--quarter-of-last-year.-

The-growth-of-gross-value-added-has-also-moderated-to-3.0%-in-the-quarter-ended-March-2020.-Among-the-key-sectors,-the-manufacturing-sector-has-posted-a-1.4%-decline-in-output,-while-recording-consistent-decline-in-output-for-the-third-straight--quarter.--The-output-of-the-construction-sector-also-declined-2.2%.-Further-within-the-industrial-sector,-the-output-of-the-mining-and-quarrying-sector-has-improved-5.2%-and-the-output-of-utilities-sector-gained-4.5%-in-the-quarter-ended-March-2020.

Among-the-components-of-services-sector,-the-growth-has-moderated-for-the-trade,-hotel,-transport,-communication-services-at-2.6%-from-4.3%-in-the-preceding-last-quarter,-while-the-growth-in-financial--real-estate-and-professional-services-also-eased-to-2.4%-from-3.3%-in-the-previous-quarter.-However,-the-growth-of-public-administration,-defence-and-other-services-remained-in-double-digit-at-10.1%-in-the-quarter-ended-March-2020.The-agricultural-sector-has-exhibited-an-improvement-in-growth-to-5.9%-in-the-quarter-ended-March-2020

The-annual-GDP-growth-moderated-4.2%-in-FY2020-from-6.1%-in-FY2019.-Among-the-key-sectors-of-the-economy,-the-agricultural-sector-has-exhibited-and-improved-growth-of-4.0%,-while-the-mining-and-quarrying-sector-has-returned-to-positive-growth-of-3.1%-in-FY2020.-The-output-of-the-manufacturing-sector-was-flat,-while-the-output-growth-of-utilities-sector-moderated-to-4.1%-and-construction-sector-to-1.1%.-

Within-the-service-sector,-the-output-of-trade,-hotel,-transport,-communication-and-services-moderated-3.6%,-while-the-growth-of-financial,-real-estate-and-professional-services-also-eased-to-4.6%.-However,-the-public-administration,-defence-and-other-services-posted-double-digit-growth-of-10%-FY2020.

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India's-Gross-Domestic-Product-(GDP)-growth-moderated-sharply-to-3.1%-in-the-quarter-ended-March-2020-from-4.1%-in-the--preceding-quarter-and-5.7%-growth-in-the-corresponding--quarter-of-last-year.-

The-growth-of-gross-value-added-has-also-moderated-to-3.0%-in-the-quarter-ended-March-2020.-Among-the-key-sectors,-the-manufacturing-sector-has-posted-a-1.4%-decline-in-output,-while-recording-consistent-decline-in-output-for-the-third-straight--quarter.--The-output-of-the-construction-sector-also-declined-2.2%.-Further-within-the-industrial-sector,-the-output-of-the-mining-and-quarrying-sector-has-improved-5.2%-and-the-output-of-utilities-sector-gained-4.5%-in-the-quarter-ended-March-2020.

Among-the-components-of-services-sector,-the-growth-has-moderated-for-the-trade,-hotel,-transport,-communication-services-at-2.6%-from-4.3%-in-the-preceding-last-quarter,-while-the-growth-in-financial--real-estate-and-professional-services-also-eased-to-2.4%-from-3.3%-in-the-previous-quarter.-However,-the-growth-of-public-administration,-defence-and-other-services-remained-in-double-digit-at-10.1%-in-the-quarter-ended-March-2020.The-agricultural-sector-has-exhibited-an-improvement-in-growth-to-5.9%-in-the-quarter-ended-March-2020

The-annual-GDP-growth-moderated-4.2%-in-FY2020-from-6.1%-in-FY2019.-Among-the-key-sectors-of-the-economy,-the-agricultural-sector-has-exhibited-and-improved-growth-of-4.0%,-while-the-mining-and-quarrying-sector-has-returned-to-positive-growth-of-3.1%-in-FY2020.-The-output-of-the-manufacturing-sector-was-flat,-while-the-output-growth-of-utilities-sector-moderated-to-4.1%-and-construction-sector-to-1.1%.-

Within-the-service-sector,-the-output-of-trade,-hotel,-transport,-communication-and-services-moderated-3.6%,-while-the-growth-of-financial,-real-estate-and-professional-services-also-eased-to-4.6%.-However,-the-public-administration,-defence-and-other-services-posted-double-digit-growth-of-10%-FY2020.

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