India’s gross domestic product (GDP) growth rate fell to 4.5 percent in the July-September quarter (Q2) of this financial year, compared with 7.1 percent in the same quarter of 2018-19, government data showed on Friday. The low rate of expansion was mainly on account of weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown.
India’s gross domestic product (GDP) growth rate fell to 4.5 percent in the July-September quarter (Q2) of this financial year, compared with 7.1 percent in the same quarter of 2018-19, government data showed on Friday. The low rate of expansion was mainly on account of weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown.