(a) whether Indian economy expanded at its slowest pace in 18 quarters which is lowest in five years according to data released by the National Statistical Office recently;
(b) if so, the facts thereof and the reaction of the Union Government thereon; and
(c) the details of the percentage of GDP growth registered during January-March 2019 quarter?
MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF STATISTICS AND MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF PLANNING (RAO INDERJIT SINGH)
(a) & (b): According to the Press note on Provisional Estimates of Annual National Income 2018-19 and Quarterly Estimates of Gross Domestic Product for the fourth quarter (Q4) of 2018-19, the GDP growth rate during the Q4 (January-March) of 2018-19 was 5.8%. This growth rate was the lowest in the last 18 quarters, and was largely on account of relatively lower growth in sectors like Agriculture, forestry & fishing and manufacturing industry.
(c): The details of growth of January-March 2019 (Q4) quarter are given below:
Growth Rates (%) of GVA at constant (2011-12) prices
Industry Q4:2018-19
Agriculture, forestry & fishing -0.1
Mining & quarrying 4.2
Manufacturing 3.1
Electricity, gas, water supply& other utility services 4.3
Construction 7.1
Trade, hotels, transport & communication and services related to broadcasting 6.0
Financial, real estate & professional Services 9.5
Public administration, defence and Other Services 10.7
GVA at basic prices 5.7
GDP 5.8