India’s Economic Performance in 2019-20

  • India’s GDP growth moderated to 4.8 % in H1 of 2019-20, amidst a weak environment for global manufacturing, trade and demand.
  • Real consumption growth has recovered in Q2 of 2019-20, cushioned by a significant growth in government final consumption.
  • Growth for ‘Agriculture and allied activities’ and ‘Public administration, defense, and other services’ in H1 of 2019-20 was higher than in H2 of 2018-19.
  • India’s external sector gained further stability in H1 of 2019-20:
    • Current Account Deficit (CAD) narrowed to 1.5 % of GDP in H1 of 2019-20 from 2.1 % in 2018-19.
    • Impressive Foreign Direct Investment (FDI).
    • Rebounding of portfolio flows.
    • Accretion of foreign exchange reserves.
    • Sharper contraction ....
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