Gross domestic product grew by a slower pace of 3.1% in the fourth quarter of 2019-20, showed data released by the Central Statistics Office on Friday.
This, as the coronavirus further weakened consumer demand and private investment in the March quarter. The median forecast from a Reuters poll of economists had put annual economic growth at 2.1% in the March quarter.
During the quarter under review, only one week of nationwide lockdown was observed. Growth was 4.2% in the fiscal year through March 2020, the Statistics Ministry said, as compared to 6.1% in FY19.
The GDP growth was 4.7% in the December quarter. GDP at Constant (2011-12) Prices in Q4 of 2019-20 is estimated at ₹38.04 lakh crore, as against ₹36.90 lakh crore in Q4 of 2018-19,