In FY’20, India’s GDP is expected to grow at 5%: CSO

The Central Statistics Office (CSO) released the latest GDP figures on Tuesday evening. It says that - India’s GDP in FY’20 is projected to grow at 5%. In the last 11 years, the economy is growing at its slowest pace. This on account of depressed consumer spending, slowing service sector, reduced private investment. In FY’19, GDP grew by 6.8%.

In the context of economic slowdown, Reserve Bank of India has already cu....