CSO-GDP growth slips to 5.8% in Q4 in 2018-19

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  • As per the data released by the Central Statistics Office (CSO), the rate of gross domestic product (GDP) growth in the January-March quarter of 2018-19 decreased to 5.8% as compared to the forecast of 6.5%.
  • The economic growth rate for the full 2018-19 financial year stood at a 5-year low of 6.8% in comparison to 7.1 %.
  • The reason behind the slip is the slowdown in the countrys key sectors like agriculture, industry and manufacturing in the past nine months.
  • The countrys fiscal deficit in full 2018-19 stood at 3.4% of GDP.
  • Spending was Rs 23.1 trillion, against the revised target of Rs 24.1 trillion.
  • Gross value added (GVA) growth for FYI 9 came in at 6.6%.
  • The sectors which registered growth GDP rate of over 7% in FYI 9 are public administration, defence and other services (8.6 per cent), construction (8.7 per cent), financial, real estate and professional services (7.4 percent), electricity, gas, water supply & other utility services (7 per cent).
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