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Home Latest Update

At 4.2%, GDP growth in 2019-20 slows down to 11-year low

KH Web Desk by KH Web Desk
May 29, 2020
in Latest Update, Main Story
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At 4.2%, GDP growth in 2019-20 slows down to 11-year low
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New Delhi/May,29: India’s gross domestic product (GDP) grew 3.1 per cent in January-March, official data showed on Friday. That was much better than economists’ estimates, but still lower than an expansion of 4.1 per cent estimated in the previous quarter. With that, the annual expansion in the GDP stood at 4.2 per cent in fiscal year 2019-20, marking the lowest pace of growth in 11 years. The official rate of GDP expansion comes days after the country entered a third month of lockdown with few exceptions to curb the spread of the coronavirus pandemic, which has hampered an already-slowing economy and forced many businesses to trim their operations leading to thousands of job losses.

KH Web Desk

KH Web Desk

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The publication of “Kashmir Horizon” as an English daily was started with a modest attempt on May 19, 2008.It has been a Himalayan attempt for “The Kashmir Horizon” to survive the challenges posed to journalism in the violence fraught place like Jammu & Kashmir.

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