Editor’s Take | Q2FY19 growth slows to 7.1%

India’s gross domestic product (GDP) grew 7.1 percent in July-September, down from 8.2 percent in the previous quarter as high fuel prices, a sliding rupee and relatively weaker rural demand seem to have applied the brakes on the economy.

Despite slight deceleration in the second quarter of 2018-19, GDP grew considerably faster than the previous year’s 6.3 percent growth in the same quarter.

The latest GDP data comes two days after the NITI Aayog and the Central Statistics Office (CSO) released on November 28 the ‘back-series’ of India’s GDP data from 2005-06, using a new methodology, that shaved off the previous growth estimates by a few percentage points in several years.
M Saraswathy is in conversation with Deputy Executive Editor Ravi Krishnan, to look into the reasons for the decline in GDP, and also evaluate the potential implication that the numbers could have as India goes to the polls next year.

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