GDP Advance Estimates: Govt Pegs Economic Growth At 5% For FY20

India’s GDP growth during the fiscal 2019-20 is expected at 5% as compared to 6.8% in year-ago period, according to the first advance estimates released by Statistics Ministry on Tuesday.

Estimated growth of real Gross Value Added (GVA) in 2019-20 is 4.9% as against 6.6% in 2018-19. The manufacturing sector is expected to grow at 2% in 2019-20 as compared to 6.9% in the previous year.

The per capita income in real terms (at 2011-12 prices) during 2019-20 is likely to attain a level of ₹96,563 as compared to ₹92,565 for the year 2018-19. The growth rate in per capita income is estimated at 4.3% during 2019-20, as against 5.6% in the previous year.

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Gross Fixed Capital Formation (GFCF) at current prices is estimated at ₹57.42 lakh crore in 2019-20 as against ₹55.70 lakh crore in 2018-19.

Source: livemint

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