Vietnam, Indonesia...: These countries are growing faster than India now

Vietnam, Indonesia...: These countries are growing faster than India now

Incidentally, in 2017 the country had ranked higher than all of these nations, with a growth percentage of 8.87

FPJ Web DeskUpdated: Friday, November 29, 2019, 09:27 PM IST
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As divulged on Friday, India had a GDP growth rate of 4.5% in Q2FY20.

The slowdown in Q2 FY20 was largely due to a sharp dip in the manufacturing sector and agriculture output, said the Ministry of Statistics and Programme Implementation in a statement.

The weak GDP growth in Q2 was also caused by grim industrial output data which contracted 0.4% during the quarter against 3% expansion in the preceding three months.

Heavy rainfall in August and September along with a delayed withdrawal of the monsoon constrained activities in the mining and construction sectors.

It also contributed to a lower demand for electricity from the agricultural and household sectors. In addition, muted industrial activity reduced the demand for electricity generation.

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