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The Indian economy expanded 4.5 percent year-on-year in the third quarter of 2019, below 5 percent in the previous period and market expectations of 4.7 percent. Figures showed the economy eased for the fifth consecutive quarter, and grew at the weakest pace since the first three months of 2013, mainly due to a fall in factory output and exports and a slowdown in investment. The government already announced several measures to boost growth including a reduction in corporate taxes, concessions on vehicle purchases, bank recapitalisation. Meanwhile, the central bank already cut borrowing cost 5 times this year and is seen lowering rates again next week.

The Indian economy advanced 5 percent year-on-year in the second quarter of 2019, slowing from a 5.8 percent expansion in the prior period and missing market consensus of 5.7 percent. It was the weakest growth rate since the first quarter of 2013, amid a slowdown in manufacturing and construction sectors.

The Indian economy advanced 5.8 percent year-on-year in the first quarter of 2019, slowing from a 6.6 percent expansion in the previous period and missing market expectations of 6.3 percent. It was the weakest growth rate since the first quarter of 2014, amid weaker consumer demand and fixed investment.

The Indian economy advanced 6.6 percent year-on-year in the last three months of 2018, below a downwardly revised 7 percent expansion in the previous period and market expectations of 6.9 percent. It is the lowest growth rate in five quarters as weak consumer demand and government spending held back expansion.

The Indian economy advanced 7.2 percent in the 2017/2018 fiscal year (April 2017-March 2018), higher than a preliminary estimate of 6.7 percent and after an upwardly revised 8.2 percent growth in the previous fiscal year. Gross Value Added, that is, GDP excluding taxes, advanced 6.9 percent, compared to 7.9 percent in 2016/2017. The tertiary sector accounted for 53.5 percent of total output and rose 8.1 percent (8.4 percent in the previous fiscal year). The secondary one accounted for 27 percent and went up 6 percent (7.5 percent) and the primary one for the remaining 19.5 percent and advanced 5 percent (6.8 percent).