Rating agencies slice India's GDP growth by 1.5%

The GDP growth rate for the second quarter dropped to its lowest in six years. Gross Domestic Product figures released by the Central Statistics Office (CSO) showed that India's GDP for the second quarter of the financial year 2019 (Jul-Sep 19) was 4.5 - lowest since 2012-13.

India Today Data Intelligence Unit (DIU) compared the GDP forecast figures announced by rating agencies at the beginning of the year with the current statistics and found that in less than a year, they have cut down GDP predictions for FY 2019-20 by 1.5 per cent on an average.