The Gross Value Added (GVA) growth numbers for the economy paints a grim picture with a free fall from Q1 of 2018-19 when it was 7.7 percent to the current number of 4.3 percent in Q2 of 2019-20.
The precipitous fall in GVA growth rates is alarming for the economy as a whole and the manufacturing sector in particular.
According to quarterly estimates of Gross Value Added (GVA) for the second quarter (July-September), Q2 of 2019-20 registered a growth of 4.3 percent compared to 6.9 percent in the Q2 of 2018-19, the corresponding period last year. This marks a steep drop in growth rates within a one year period.
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