GDP growth slips to six-quarter low in Q3

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Updated: March 9, 2019 3:24:05 AM

Real gross domestic product (GDP) growth rate slowed down to a six-quarter low to 6.6% in the three months to December 2018.

GDP growth, six-quarter low, gdp of india, gdp growth rate, gdp growth rate of india, gdp growth india, gdp growth rate of india 2018, gdp growth of india 2018, gdp growth rate of india 2018-19, gdp growth rate 2018, gdp of india 2019, agriculture sector in india, services sector, manufacturing, gva, gva vs gdp, gva and gdp, gva in agriculture, gva india, real gdp, real gdp analysisThe agriculture sector is still grappling with problems including low credit growth and higher non-performing loans.

Real gross domestic product (GDP) growth rate slowed down to a six-quarter low to 6.6% in the three months to December 2018, led by the slowdown in both private and government consumption and a sharp drop in agriculture sector growth. The agriculture sector is still grappling with problems including low credit growth and higher non-performing loans.

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GDP growth, six-quarter low, gdp of india, gdp growth rate, gdp growth rate of india, gdp growth india, gdp growth rate of india 2018, gdp growth of india 2018, gdp growth rate of india 2018-19, gdp growth rate 2018, gdp of india 2019, agriculture sector in india, services sector, manufacturing, gva, gva vs gdp, gva and gdp, gva in agriculture, gva india, real gdp, real gdp analysisReal GVA softened due to slowdown in agriculture
GDP growth, six-quarter low, gdp of india, gdp growth rate, gdp growth rate of india, gdp growth india, gdp growth rate of india 2018, gdp growth of india 2018, gdp growth rate of india 2018-19, gdp growth rate 2018, gdp of india 2019, agriculture sector in india, services sector, manufacturing, gva, gva vs gdp, gva and gdp, gva in agriculture, gva india, real gdp, real gdp analysisGrowth in agriculture at three-year low
GDP growth, six-quarter low, gdp of india, gdp growth rate, gdp growth rate of india, gdp growth india, gdp growth rate of india 2018, gdp growth of india 2018, gdp growth rate of india 2018-19, gdp growth rate 2018, gdp of india 2019, agriculture sector in india, services sector, manufacturing, gva, gva vs gdp, gva and gdp, gva in agriculture, gva india, real gdp, real gdp analysisGrowth in manufacturing moderates
GDP growth, six-quarter low, gdp of india, gdp growth rate, gdp growth rate of india, gdp growth india, gdp growth rate of india 2018, gdp growth of india 2018, gdp growth rate of india 2018-19, gdp growth rate 2018, gdp of india 2019, agriculture sector in india, services sector, manufacturing, gva, gva vs gdp, gva and gdp, gva in agriculture, gva india, real gdp, real gdp analysisPrivate consumption slows down

Real gross value added (GVA) growth softened to 6.3% due to slowdown in agriculture growth. Based on the second advance estimate of 7% in FY19, GDP growth in the quarter-ending March is further expected to ease to 6.5%.

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Private final consumption expenditure slowed to 8.4% year-on-year (y-o-y) in Q3FY19 from 9.8% y-o-y in Q2FY19. Similarly, government consumption expenditure, which was one of the major factor for higher growth in the last few quarters, too slowed down to 6.5% in Q3FY19 from 11.1% in Q2FY19.

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GDP growth, six-quarter low, gdp of india, gdp growth rate, gdp growth rate of india, gdp growth india, gdp growth rate of india 2018, gdp growth of india 2018, gdp growth rate of india 2018-19, gdp growth rate 2018, gdp of india 2019, agriculture sector in india, services sector, manufacturing, gva, gva vs gdp, gva and gdp, gva in agriculture, gva india, real gdp, real gdp analysisInvestment picks up in Q3FY19

Fixed investment grew 10.6% in Q3FY19 as compared with 10.2% in Q2FY19. Growth in manufacturing and electricity moderated to 6.7% and 8.2%, respectively, in real terms, and the decline in manufacturing GVA is consistent with the moderation seen in manufacturing Index of Industrial Production. However, the construction sector reported a robust growth of 9.6% in Q3FY19. For the full year, the sector is expected to grow at 8.9% as compared with 5.6% in FY18.

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