Business News | GDP Growth Slips to 3.1 Pc in Q4
Get latest articles and stories on Business at LatestLY. Indian economy grew by 3.1 per cent in the January to March quarter (Q4 FY20) as Covid-19 pandemic weakened consumer demand and private investments, government data showed on Friday.
New Delhi [India], May 29 (ANI): Indian economy grew by 3.1 per cent in the January to March quarter (Q4 FY20) as Covid-19 pandemic weakened consumer demand and private investments, government data showed on Friday.
"In view of the global COVID-19 pandemic and consequent nationwide lockdown measures implemented since March 2020, the data flow from the economic entities has been impacted," said the Ministry of Statistics and Programme Implementation in a statement.
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For the full 2019-20 financial year, the headline number came at 4.2 per cent as against 6.1 per cent in 2018-19. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)