Slowdown, then pandemic

The National Statistical Office last Friday released its provisional estimates of gross domestic product (GDP) for the fiscal year 2019-20, as well as its quarterly estimates of GDP for the last quarter, January-March, 2019-20. The headline estimate, for the year 2019-20, is low by Indian standards but not as low as many feared: Growth in 2019-20 at constant prices would be, according to the statisticians, 4.2 per cent, as distinct from the over 6 per cent growth registered in 2018-19. The slowing in nominal GDP growth is even sharper. The quarterly numbers were being carefully watched t.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.