What's NewIndia's GDP grows at the slowest pace since the Lehman crisis.

India's GDP grew by 3.1% year-on-year (YoY) in January-March 2020 (FY20 represents April'19-March'20). It is the lowest growth recorded since January-March 2009. The growth in October-December 2019 stood at 4.7% YoY. The GDP growth for the full financial year reached 4.2% YoY after growing at 6.1% in the pervious year. (May 29, 2020)

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Latest June 3, 2020

State-wise data

Latest June 3, 2020

State-wise Doubling Time

India's fiscal deficit breached target to hit 4.6% with more daunting task awaiting in FY2020-21.

India missed its fiscal deficit target for the fiscal year 2019-20 (FY2019-20 represents April 2019 to March 2020), which came at 4.6% of GDP, higher than its revised target of 3.8%, on the back of a lower tax revenue collection. In absolute terms, the fiscal deficit at the end of March 31, 2020, stood at Rs.9.4 trillion against Rs.7.7 trillion in the revised estimates of the budget.

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India's GDP grows at the slowest pace since the Lehman crisis.

India's GDP grew by 3.1% year-on-year (YoY) in January-March 2020 (FY20 represents April'19-March'20). It is the lowest growth recorded since January-March 2009. The growth in October-December 2019 stood at 4.7% YoY. The Indian economy has largely been affected by the global and local lockdowns imposed across countries to contain the spread of the Covid-19 (coronavirus) virus. While the shut down started in the last week of March in India, several business activities had to bear...

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Latest May 29, 2020

Non-Food Bank Credit

Lockdown effect: Hard hit services and industrial sector receive more loans from banks

The growth in non-food credit disbursed by scheduled commercial banks (SCBs) increased to 7.3% YoY in April, 2020 compared to 8% YoY in March, 2020. This comes when most of the economic activity remained suspended due to the coronavirus-led nationwide lockdown. Both, loans to industrial sector and service sector reported an acceleration in credit growth. 

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