Current Affairs

GDP fell to 4.5% in 2nd Quarter

Current context: The National Statistics Office (NSO) released the Gross Domestic Product (GDP) for the second Quarter of FY20 on 29th Nov 19.
GDP fell to 4.5% in 2nd Quarter 
  • The GDP grew 4.5% in the 2nd quarter of FY20, which is the slowest expansion in 26 quarters.
  • The economy grew at 4.3% in Gross value added terms, which was 4.9% in the previous quarter.
  • Such lowest growth rate was earlier seen in the 4th quarter of FY13, which was 4.3% and growth rate for the 2nd quarter of FY20 is the lowest since then.
  • Nominal Growth rate stood at 6.1% in Q2 as compared to 8% in Q1 FY20.
  • Growth rate of Private Final Consumption Expenditure (PFCE) at Constant Prices stood at 5.1% in Q2 FY20 as compared to 9.8% in Q2 FY19.
  • Gross Fixed Capital Formation (GFCF) at constant Prices grew at 1% in Q2 FY20 as compared to 11.8% of Q2 of FY19.
  • Growth rates of Government Final Consumption Expenditure at Constant Prices stood at 15.6% in Q2 FY20.
  • The fiscal deficit for the period April-October was recorded at 102.4% crossing the full year target and stood at Rs 7.2 lakh crore.

Question: 

Q.1 The Gross Domestic Product (GDP) for the second Quarter of FY20 is ________?
a. 4.3%
b. 4.5%
c. 4.7%
d. 4.9%
GDP fell to 4.5% in 2nd Quarter GDP fell to 4.5% in 2nd Quarter Reviewed by Neha Verma on November 30, 2019 Rating: 5

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