Growth rate to slowdown further in Q2FY20 to 4.7%: ICRA

Ratings agency ICRA expects India’s growth rate to further slowdown to 4.7 percent in Q2 FY2020, due to weak industrial output.

Accordingly, the ratings agency expects a further deterioration in the growth rate of India’s GDP and the gross value added (GVA) at basic prices in year-on-year terms to 4.7 percent and 4.5 percent, respectively, in Q2 FY2020, from 5 percent and 4.9 percent, respectively, in Q1 FY2020.

However, sectors such as agriculture and services may be able to “maintain the growth rate recorded in Q1 FY2020”.

Read More: https://www.bhaskarlive.in/growth-rate-to-slowdown-further-in-q2fy20-to-4-7-icra/