GDP growth decreased to 6.3% between July and September

 

According to figures issued on November 30 by the Ministry of Statistics and Programme Implementation, India's GDP growth more than halved to 6.3 percent from 13.5 percent in April-June.

Gross Value Added, or GVA, increased by 5.6 percent from July to September, down from 12.7 percent from April to June and 8.3 percent from the same period last year.

India's GDP increased 16.2 percent last quarter in nominal terms.

The disappearance of a positive base effect was what caused the abrupt decline in GDP growth from July to September. There were, however, some weak sectors, with manufacturing's GVA declining by 4.3 percent after expanding by 4.8 percent from April to June.