New Delhi, May 30 -- The general economic slowdown, along with the impact of the global Covid-19 pandemic, pulled India's GDP growth rate down to 3.1 per cent in the last quarter of 2019-20.
The Q4 growth rate was slower than 4.1 per cent in Q3 and 5.7 per cent reported for the like period of the previous fiscal.
Consequently, India's FY20 GDP declined to 4.2 per cent from 6.1 per cent in FY19. This is the slowest rate of India's GDP growth in the last 11 years.
However, the rate, if looked at from the prism of constant prices at 2011-12 prices, would still be the lowest in the last 8 years.
"Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2019-20 is now estimated to attain a level of Rs 145.66 lakh cro...