India covid-19 outbreak economy Government India

India's GDP growth emits ominous signals

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In a sign that the economy is headed for greater turbulence, India’s growth in gross domestic product (GDP) in January-March, or the final quarter of 2019-20, decelerated to 3.1%.

The tepid performance pulled the full-year growth rate down to an 11-year low of 4.2%, from 6.1% a year ago, according to government data.

The full-year reading is even lower than the most recent estimate of a 5% expansion made by the government. Though worrying, the readings don’t come as a big surprise.

The economy had been on a steady decline even before covid-19 struck. This is evident from the growth figures of recent quarters.

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