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GDP seen dropping to 5% in 2019-20: Govt data

GDP seen dropping to 5% in 2019-20: Govt data

Wednesday, January 8, 2020, 8:23 AM

The Indian economy is estimated to grow at 5% in 2019-20 as against 6.8% in the previous fiscal, according to government data. The decline has been mainly on account of deceleration in manufacturing sector growth, which is expected to come down to 2% in 2019-20 from 6.2% in the year-ago fiscal, as per the first advanced estimates of the national income released by NSO.
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