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GDP growth slows to 3.1% in Q4; core sector output contracts 38.1% in April

Byindianadmin

May 30, 2020 #April, #contracts
GDP growth slows to 3.1% in Q4; core sector output contracts 38.1% in April

NEW DELHI The

gross domestic product

or GDP data released on Friday showed that the economy slowed to 3.1 per cent in the January-March quarter, partly as a result of the Covid-19 clampdown.

India’s economic growth stood at 4.1 per cent (revised) in the October-December period (Q3) of 2019-20. The Q2 and Q1 numbers have also been revised to 4.4 per cent and 5.2 per cent respectively.

Read Also: GDP figures running commentary on economic mismanagement, says Chidambaram

In 2019-20 (FY20),



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