NEW DELHI: India's GDP (gross domestic product) growth for the January-March (This fall) quarter slowed to 5.eight in step with cent from 6.6 in step with cent in the earlier (October-December) quarter, govt knowledge confirmed on Friday. This is the slowest GDP growth price in 5 years, because of poor efficiency in agricultural and production sectors. The earlier low was 6.4 in step with cent in 2013-14.
Meanwhile, India's unemployment price rose to 6.1% + in 2017/18 fiscal year, consistent with knowledge released by the statistics ministry.
The announcement of GDP figures intended that India misplaced its place as the sector's fastest-growing major economy to China, which is these days on 6.4 % growth.
The Central Statistics Office (CSO) additionally revealed that GDP growth all the way through 2018-19 fiscal stood at 6.eight in step with cent, less than 7.2 in step with cent in the earlier financial year.
Confirming unemployment price projected in a pre-election leaked file, the federal government on Friday said joblessness in the country was 6.1 in step with cent of general labour pressure all the way through 2017-18, the best in 45 years.
The knowledge released by the labour ministry, on an afternoon when Modi 2.zero Cabinet took fee, confirmed 7.eight in step with cent of all employable city adolescence being jobless, while the percentage for the rural was five.three in step with cent.
The joblessness among male on all India foundation was 6.2 in step with cent, while it was five.7 in step with cent in case of women folk.
(With agency inputs)
Meanwhile, India's unemployment price rose to 6.1% + in 2017/18 fiscal year, consistent with knowledge released by the statistics ministry.
The announcement of GDP figures intended that India misplaced its place as the sector's fastest-growing major economy to China, which is these days on 6.4 % growth.
The Central Statistics Office (CSO) additionally revealed that GDP growth all the way through 2018-19 fiscal stood at 6.eight in step with cent, less than 7.2 in step with cent in the earlier financial year.
Confirming unemployment price projected in a pre-election leaked file, the federal government on Friday said joblessness in the country was 6.1 in step with cent of general labour pressure all the way through 2017-18, the best in 45 years.
The knowledge released by the labour ministry, on an afternoon when Modi 2.zero Cabinet took fee, confirmed 7.eight in step with cent of all employable city adolescence being jobless, while the percentage for the rural was five.three in step with cent.
The joblessness among male on all India foundation was 6.2 in step with cent, while it was five.7 in step with cent in case of women folk.
(With agency inputs)
GDP growth slumps; Unemployment at 45 year high
![GDP growth slumps; Unemployment at 45 year high]()
Reviewed by Kailash
on
May 31, 2019
Rating:
