The Central Statistical Office, Government of India published the report on GDP growth performance after the first quarter of 2019-20. The GDP growth rate stood at 5%, lowest since 2013-14. The downside started since second quarter of 2018-19. The growth rate stood at 5.8% in Q4, 2018-19.
The sector wise growth numbers also showed a downside for most of the sectors. The downside has been most prominent for the manufacturing sector in comparison of the quarter one performance of 2018-19. There has been a few sectors which showed a better performance as compared to the same quarter in 2018-19. The better performance was most prominent in Mining & Querying sector.