India’s GDP growth slows further to an estimated 5% in FY20
28 Feb 2020
India’s real gross domestic product (GDP) at constant (2011-12) prices is expected to grow at 5 per cent for the financial year 2019-20, compared to a growth rate o 6.1 per cent in the previous fiscal year (2018-19), as per second advance estimate of national income.
GDP at constant 2011-12 prices is expected to reach Rs1,46,84,000 crore in the 2019-20 fiscal, against the first revised estimate of GDP of Rs1,39,81,000 crore for the financial year 2018-19, released on 31 January 2020. The growth in GDP during 2019-20 is estimated at 5.0 per cent compared to 6.1 per cent in 2018-19.
GDP at current prices in the year 2019-20 is estimated to attain a level of Rs2,03,85,000 crore, against Rs1,89,71,000 crore in 2018-19, showing a growth rate of 7.5 per cent.
Per capita income in real terms (at 2011-12 prices) during 2019-20 is estimated to attain a level of Rs95,706, against Rs92,085 in the year 2018-19, showing a growth rate of 3.9 per cent during 2019-20, against 4.8 per cent in the previous year.
Per capita income at current prices during 2019-20 is estimated to be Rs134,432, showing a rise of 6.3 per cent compared to Rs1,26,521 during 2018-19.
GDP at constant (2011-12) prices in Q3 of 2019-20 is estimated at Rs36,65,000 crore, against Rs35,00,000 crore in Q3 of 2018-19, showing a growth of 4.7 per cent.
The NSO has released the second advance estimates of National Income, 2019-20 as well as quarterly estimates of GDP for the October-December quarter of 2019-20 along with the corresponding quarterly estimates of expenditure components of GDP both at constant (2011-12) and current prices.