India’s Q1 GDP at 5 per cent, falls to a 6 year low

The Central Statistics Office today released the gross domestic product numbers for April-June quarter, which showed India’s GDP expanded 5% in the quarter through June - the slowest pace in six and half years. The Indian economy grew 5 percent year-on-year in first quarter of FY2020, slowing from a 5.8 percent expansion in the previous quarter and missing market expectations of 5.7 percent. It was the weakest growth rate since the first quarter of 2013. (ET Online)