India's economic growth slipped to 3.1% in the January-March quarter while the GDP growth for 2019-20 slowed to an 11-year low of 4.2%, government data showed on Friday. In 2019-20, the Indian economy grew by 4.2% against 6.1% growth rate in 2018-19. The impact of COVID-19 pandemic which closed almost all non-essential businesses for nearly two months clearly visible on the GDP data. India registered a GDP growth of 4.7% in Q3 (October-December) of 2019-20 which was 5.6% a year ago. Later, the Reserve Bank also pegged the GDP growth for 2019-20 at 5%.

Source: dna May 29, 2020 13:07 UTC