In Charts: First advance GDP estimate at 5%, an 11- year low

SUMMARY

The Indian economy is estimated to grow at 5 percent in 2019-20 as against 6.8 percent 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 percent in 2019-20 from 6.2 percent in the year-ago fiscal, as per the first advanced estimates of the national income released by National Statistical Office(NSO) on Tuesday. The deceleration was also witnessed in sectors like agriculture, construction and electricity, gas and water supply. Some sectors, including mining, public administration, and defence, showed minor improvement.

By CNBC-TV18Jan 8, 2020 6:45:43 AM IST (Updated)

The Central Statistics Ministry has estimated India's GDP growth during fiscal 2019-20 at 5% as compared to 6.8% in the year-ago period

GVA at Basic Prices for 2019-20 from the ‘Manufacturing’ sector is estimated to grow by 2.0 percent as compared to growth of 6.9 percent in 2018-19.

GVA at Basic Prices for 2019-20 from 'Agriculture, Forestry and Fishing' sector is estimated to grow by 2.8 percent as compared to growth of 2.9 percent in 2018-19.

GVA at Basic Prices for 2019-20 from ‘Mining and Quarrying’ sector is estimated to grow by 1.5 percent as compared to growth of 1.3 percent in 2018-19.

GVA at Basic Prices for 2019-20 from ‘Electricity, Gas, Water Supply and Other Utility Services’ sector is expected to grow by 5.4 percent as compared to growth of 7.0 percent in 2018-19.

GVA at Basic Prices for 2019-20 from ‘Construction’ sector is expected to grow by 3.2 percent as compared to growth of 8.7 percent in 2018-19.

GVA at Basic Prices for 2019-20 from this sector is expected to grow by 9.1 percent as compared to growth of 8.6 percent in 2018-19.

The estimated growth in GVA for this sector during 2019-20 is placed at 6.4 percent as compared to growth of 7.4 percent in 2018-19.

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