NEW DELHI: The decline in the economic growth has bottomed out, said the Finance Ministry on Friday as the GDP growth slowed to a nearly seven-year low of 4.7 per cent in the quarter ending December 2020.
The National Statistical Office (NSO) has, however, upwardly revised GDP growth estimates for the first quarter of 2019-20 to 5.6 per cent (from 5 per cent), and for the second quarter to 5.1 per cent (from 4.5 per cent).
“We have already bottomed out,” said Economic Affairs Secretary Atanu Chakraborty while talking to reporters after the NSO released its data.
The NSO estimates the GDP growth for the whole fiscal at 5 per cent. (AGENCIES)
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