Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

India’s GDP grows by 6.7 pc in Q1, lowest in 5 quarters

by | Aug 31, 2024

New Delhi: India’s gross domestic product slowed to a five-quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, according to government data.

India remains the fastest-growing major economy, as China’s GDP growth in the April-June quarter was 4.7 per cent.

The agriculture sector recorded a 2 per cent growth, down from 3.7 per cent in the April-June quarter of 2023-24, as per the National Statistical Office (NSO) data released on Friday.

However, the growth in the manufacturing sector accelerated to 7 per cent in the first quarter of the current fiscal compared to 5 per cent in the year-ago period.

The previous GDP low was 6.2 per cent in January-March 2023.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

H-1B mess is set to kill US tech’s golden goose

H-1B mess is set to kill US tech’s golden goose

By Frank F Islam Last Friday, just as Americans were winding down for the weekend, the White House dropped a shock-and-awe measure affecting many leading US businesses. On that day, President Donald Trump signed a proclamation announcing a staggering $100,000 fee on...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *