India’s GDP (gross domestic product) growth for the January-March (Q4) quarter has dropped to 5.8 per cent from 6.6 per cent in the previous (October-December) quarter, government data showed on Friday. This is the slowest GDP growth rate in five years, as a chill in domestic and global consumer demand hit manufacturers and service providers. India has lost its spot as the fastest growing major economy to China which notched a 6.4 per cent growth in the March quarter, for the first time in one-and-half years.
India’s GDP drops to 5.8% for January-March (Q4)
