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India's GDP growth plunges to 6-year low of 5 per cent, below China's

India's growth stood at 5.8 per cent in January-March of 2019; government's chief economic adviser blames domestic and global factors for the slowdown

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The manufacturing sector grew by 0.6 per cent in first quarter of 2019-20 as compared to a growth of 12.1 per cent in Q1 2018-19. Representation pic

The manufacturing sector grew by 0.6 per cent in first quarter of 2019-20 as compared to a growth of 12.1 per cent in Q1 2018-19. Representation pic

New Delhi: India's economic growth on Friday slumped for the fifth straight quarter to an over six-year low of 5 per cent in the three months ended June as consumer demand and private investment slowed amid deteriorating global environment. Having lost the tag of the world's fastest-growing economy earlier this year, India's GDP growth was behind China's 6.2 per cent in April-June.

The Gross Domestic Product (GDP) of India, Asia's third-largest economy, slumped by over expected 5 per cent in April-June, the slowest pace since January-March 2013. India's economic growth stood at 8 per cent in the same quarter of 2018-19. The growth stood at 5.8 per cent in January-March of 2019.

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