India’s GDP growth rate for FY20 estimated at 5% against 6.8% in FY19: NSO

India’s GDP growth rate for FY20 estimated at 5% against 6.8% in FY19: NSO

• The first advanced estimates of the national income was released by National Statistical Office (NSO) on 07 January 2020.
• As per the report, the Indian economy is estimated to grow at 5 percent in 2019-20 as against 6.8 percent in the previous fiscal, mainly due to slow deceleration in manufacturing and construction sectors

Points to Remember:

1. Estimated Growth rate of Indian economy in FY20 as per NSO?