Ind-Ra Lowers GDP Estimate for FY 19 to 6.9 Percent

Ind-Ra Lowers GDP Estimate for FY 19 to 6.9 Percent

• The India Ratings and Research (Ind-Ra) expects India’s GDP growth rate to be 6.9 percent during 2018-19 as against the advance estimate of 7 percent.
• Further, it expects that the fourth quarter (January to March 2018) GDP growth of FY19 will decelerate to 6.3 percent from 6.6 percent in the third quarter (October to December 2018).
• It said that 2018-19 will be the second consecutive year of an economic slowdown in India. The GDP growth was 7.2 per cent during 2017-18.