GDP growth likely to slow to 7.5 per cent in Q2: SBI Report
The GDP growth in the September quarter is expected to decelerate to 7576 per cent over the previous threemonth period mainly due to slowdown in rural...
New Delhi: The GDP growth in the September quarter is expected to decelerate to 7.5-7.6 per cent over the previous three-month period mainly due to slowdown in rural demand, an SBI research report said on Monday. The GDP growth at constant prices (2011-12) was 8.2 per cent in the April-June quarter of 2018-19. The Central Statistics Office (CSO) will be releasing the estimates for GDP growth for July-September on Friday.
The 'SBI Ecowrap' report said the SBI Composite Leading Indicator (CLI), a basket of 21 leading indicators for September quarter of the current fiscal, is showing a marginal declining trend. Consequently, the headline second quarter Gross Value Added (GVA) growth could be 7.3-7.4 per cent, due to the slowing of rural demand, it said.