NewDelhi: India’s gross domestic product (GDP) growth has improved to 4.7% in the 3rd quarter (October-December 2019), according to the data released by the Ministry of Statistics & Programme Implementation, Government of India. The government data also showed that projections for GDP growth in the entire 2019-20 financial year had been retained at 5 per cent in the second advance estimates.
“GDP at Constant (2011-12) Prices in Q3 of 2019-20 is estimated at Rs. 36.65 lakh crore, as against Rs. 35.00 lakh crore in Q3 of 2018-19, showing a growth of 4.7 per cent” said a release issued by CSO.
GDP growth had stood at a six-year low of 4.5 per cent in the previous quarter (Q2) and 6.6 per cent in the corresponding quarter of the previous fiscal. India’s GDP growth in full FY19 had stood at 6.8 per cent.
“Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2019-20 is estimated to attain a level of Rs. 146.84 lakh crore, as against the First Revised Estimate of GDP for the year 2018-19 of Rs. 139.81 lakh crore, released on 31st January 2020. The growth in GDP during 2019-20 is estimated at 5.0 percent as compared to 6.1 percent in 2018-19” said the report.
The per capita income in real terms (at FY 12 prices) during FY20 has been estimated to grew by 3.9 per cent to attain a level of Rs.95,706 as compared to Rs.92,085 in FY19. The Per Capita Income at current prices is estimated to grow by 6.3 per cent to reach Rs. 134,432, during 2019-20 as compared to Rs. 1,26,521 during 2018-19.
(With PIB inputs)
