(a) whether the economic growth rate has lagged behind from 5.9% in the first quarter and 6.0% in the second to 5.8% in the third quarter; and
(b) if so, the reasons therefor?
(a) whether the economic growth rate has lagged behind from 5.9% in the first quarter and 6.0% in the second to 5.8% in the third quarter; and
(b) if so, the reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI BALASAHEB VIKHE PATIL)
(a) & (b) As per the Quarterly Estimates of Gross Domestic
Product (GDP) for the Third Quarter (October-December),
1999-2000 released by the Central Statistical Organisation
the growth in overall real GDP at 1993-94 prices is estimated
at 5.9 per cent in the first quarter (April-June), 6.0 per cent
in the second quarter (July-September) and 5.8 per cent
in the third quarter (October-December) of 1999-2000.
The slowdown in overall GDP growth in the third quarter of
1999-2000 is largely due to a slow down in GDP growth
originating in agriculture, forestry and fishing from 1.7 per
cent and 1.8 per cent in the first quarter and second quarter
respectively to 0.5 per cent in third quarter of 1999-2000.