India’s GDP growth slips to 4.5% in Q2

Quarterly GVA at Basic Prices for Q2 2019-20 from ‘Mining and Quarrying’ sector grew by0.1percent as compared to growth of -2.2% in Q22018-19.

Nov 29, 2019 12:11 IST India Infoline News Service

GDP_2
GDP at Constant (2011-12) Prices in Q2 of 2019-20 is estimated at Rs35.99 lakh cr as against Rs34.43 lakh cr in Q2 of 2018-19, showing a growth rate of 4.5%. Quarterly GVA (Basic Price) at Constant (2011-2012) Prices for Q2 of 2019-20 is estimated at Rs33.16 lakh cr as against Rs31.79 lakh cr in Q2 of 2018-19, showing a growth rate of 4.3% over the corresponding quarter of the previous year.

The Economic Activities which registered a growth of over 4.3% in Q2 of 2019-20 over Q2 of 2018-19 are ‘Trade, Hotels, Transport, Communication and Services related to Broadcasting’ ‘Financial, Real Estate and Professional Services’ and ‘Public Administration, Defence and Other Services’. The growth in the ‘Agriculture, Forestry and Fishing’, ‘Mining and Quarrying’, ‘Manufacturing’, ‘Electricity, Gas, Water Supply & Other Utility Services’ and ‘Construction’ is estimated to be 2.1%, 0.1%, (-) 1%, 3.6% and 3.3% respectively during this period.

Quarterly GVA at Basic Prices for Q2 2019-20 from ‘Mining and Quarrying’ sector grew by 0.1percent as compared to growth of -2.2% in Q22018-19. The key indicators of Mining sector, namely, production of Coal, Crude Oil and Natural Gas and IIP Mining registered growth rates of(-) 10.3%, (-) 5.1%,(-) 2.6% and (-)1.2% during Q2 of2019-20 as compared to 6.2%, (-) 4.4%, (-) 2% and 0.9% respectively, during Q2 of 2018-19.

Related Story