Explained: How to read GDP data

Q1 growth data show that the two biggest job-providing sectors, Agriculture and Industry, are witnessing feeble income growth. That explains why private consumption demand has collapsed in the economy

India gdp, national statistical commission, gdp growth during upa regime, India GDP modi govt, Niti Aayog, indian economy, gdp report, India GDP explained, Indian express — The GDP is arrived at from the demand side. It is calculated by mapping the expenditure made by different categories of spenders.

The Central Statistics Office (CSO) on Friday released the economic growth data for the first quarter (Q1, or April to June) of the current financial year (2019-20, or FY20). A disappointing number was widely expected, especially after the 5.8% growth in Q4 of FY19, and the wave of bad news such as falling sales of automobiles and everyday consumables — even so, the official GDP data of just 5% came as a shock to many.