Q2 GDP growth rate: India’s swift growth is not only significant for the country but for the world economy too as India accounts for 7.7 per cent of the world GDP
Q2 GDP growth rate: The GDP growth rate for Q2 FY20 will be announced today. After a downward slide in growth for six quarters straight, the Modi government that is on a damage control mode would want the GDP growth to stabilise for Q2 of FY20. However, as per analysts, the GDP growth is likely to hit yet another low.
Rating agencies India Ratings and ICRA expect the growth numbers to be 4.7 per cent. Kotak Economic Research that estimated GDP growth to be at 5.2 per cent earlier has slashed it to 4.7 per cent.
The last time India’s growth rate fell below 5 per cent was in Q2 FY13. A further dip in GDP growth rate would mark a low of 26 quarters.