GDP Growth Slips To Five-year Low On Slowdown In Investment, Manufacturing

However, financial services and related industries grew by 9.5 per cent in the fourth one-fourth of FY19, the best speed in at least eight quarters. Growth in the gross net capital formation (GFCF), which denotes investments, dropped to 3.4 per cent, the lowest in several quarters. With all the fiscal deficit targeted at 3.4 per cent of GDP for 2019-20 in the interim Budget, it might be crucial to find out if Sitharaman will pass this quantity or change it to improve the overall economy. SBI group Chief Economic Advisor Soumya Kanti Ghosh said.

Private final usage expenditure growth dropped to 7.2 per cent in the fourth quarter from 8 per cent in the 3rd and 9.7 per cent in the next. The development stood at a meager 7.3 per cent in the first quarter. Manufacturing activity experienced a slowdown, with growth falling to 3.1 % in Q4 compared to 6.4 per cent in the third one-fourth, 6.9 per cent in the second quarter, and 12.1 per cent in Q1.

“Low growth in manufacturing calls for direct intervention by the federal government. The economic activities are likely to pick up as the government is likely to undertake measures to boost growth,” Madan Sabnavis, chief economist at CARE Ratings, said. However, lower consumption and investment may continue to constrain the overall financial growth, 12 months, which is likely to see only progressive pick-up in the arriving.

  1. 5 Year Returns (%)
  2. 167 Compuware Corporation (NASDAQ:CPWR) -39.3% 5.39 8.88
  3. Investment-grade corporate bonds
  4. Compute the number of assets with non-positive momentum in the “risk-on” world (b)

The government’s last consumption expenditure showed a stellar growth of 11.5 %, that could be on account of revenue spending to meet routine expenses like incomes. ALSO READ: Modi 1.0 was about politics consolidation; will Modi 2.0 focus on the overall economy? Agriculture and allied activities saw a 0.1 per cent contraction in Q4, compared to 2.8 per cent in the previous quarter. The meteorological division predicted on Friday that the monsoon would be normal this year. However, some regions such as north-west and north-east would receive significantly less than normal rains, based on the official weather forecaster. Season Acreage for the rabi crop was less than last, which has impinged on the agricultural performance. B Prasanna, group head – global markets – sales, trading, and research, ICICI Bank or investment company.

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