India's GDP growth rate inches up to 4.7% in Q3 of 2019-20
New Delhi, February 28, 2020
India's gross domestic product (GDP) growth rate inched up to 4.7 per cent in the third quarter (Q3) of 2019-20 as compared to 4.5 per cent estimated for the previous quarter.
"GDP at Constant (2011-12) Prices in Q3 of 2019-20 is estimated at Rs 36.65 lakh crore, as against Rs 35.00 lakh crore in Q3 of 2018-19, showing a growth of 4.7 percent," the Second Advance Estimates of National Income, 2019-20 and Quarterly Estimates of Gross Domestic Product for the Third Quarter (Oct-Dec), 2019-20, released here today said.
The estimates were released by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation.
An official statement, citing the data, said real GDP -- GDP at Constant (2011-12) Prices -- in the year 2019-20 is estimated to attain a level of Rs 146.84 lakh crore, as against the First Revised Estimate of GDP for the year 2018-19 of Rs 139.81 lakh crore, released on January 31, 2020.
The growth in GDP during 2019-20 is estimated at 5.0 percent as compared to 6.1 percent in 2018-19, it said.
GDP at Current Prices in the year 2019-20 is estimated to attain a level of Rs 203.85 lakh crore, as against Rs 189.71 lakh crore in 2018-19, showing a growth rate of 7.5 percent.
The Per Capita Income in real terms (at 2011-12 Prices) during 2019-20 is estimated to attain a level of Rs 95,706 as compared to Rs 92,085 in the year 2018-19, giving a growth of 3.9 percent during 2019-20, as against 4.8 per cent in the previous year. The Per Capita Income at current prices during 2019-20 is estimated to be Rs 134,432, showing a rise of 6.3 percent as compared to Rs 1,26,521 during 2018-19.