NSO projects India’s GDP growth rate for 2019-20 at 5%

National Statistical Office (NSO) projects India’s GDP growth rate for 2019-20 at 5%. The decline has been mainly on account of deceleration in manufacturing sector growth, which is expected to come down to 2 per cent in 2019-20 from 6.2 per cent in the year-ago fiscal. The deceleration was also witnessed in sectors like agriculture, construction and electricity, gas and water supply.

Important takeaways for all competitive exams:

  • Minister of State (Independent Charge) of the Ministry of Statistics: Rao Inderjit Singh.

 

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