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India GDP data highlights: Growth falls to 3.1%; agriculture sector grows at 5.9%

For the full FY20 financial year, the number came down to 4.2 percent from 6.1 percent in 2018-19.

May 29, 2020 / 10:29 PM IST

The government on Friday released January-March GDP figure. The Indian economy grew at 3.1 percent in the January-March quarter (Q4) of 2020, its slowest pace in at least two years. The GDP growth was recorded at 5.8% in the corresponding quarter of 2019-20.

For the full FY20 financial year, the number came down to 4.2 percent from 6.1 percent in 2018-19.

The agriculture sector grew at 5.9 percent in Q4, compared to 1.6 percent in the same quarter a year ago.

Nominal GDP growth fell to 7.2 percent in FY20 compared to 11 percent last year.