India’s Q3FY20 GDP growth slows down to 4.7%

29 Feb 2020 Evaluate

With contraction in manufacturing sector output, India’s Gross Domestic Product (GDP) growth slipped to a nearly 7-year low of 4.7% in October-December 2019 (Q3FY20) as compared to GDP growth of 5.6% in the corresponding quarter of 2018-19. The GDP growth for Q3FY20 is the lowest since January-March of 2012-13, when it stood at 4.3%. Besides, in the previous quarter (July-September) of the ongoing fiscal, the economic growth was revised upwards to 5.1% from 4.5% estimated earlier. Similarly, the first quarter growth was revised upwards to 5.6% from 5%. Moreover, the growth in GDP during 2019-20 is estimated at 5.0% as compared to 6.1% in 2018-19.

As per the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation data, GDP at Constant (2011-12) Prices in Q3 of 2019-20 is estimated at Rs 36.65 lakh crore, as against Rs 35.00 lakh crore in Q3 of 2018-19, showing a growth of 4.7%. GDP at Current Prices in the year 2019-20 is estimated to attain a level of Rs 203.85 lakh crore, as against Rs 189.71 lakh crore in 2018-19, showing a growth rate of 7.5%.

The data also showed that the gross value added (GVA) growth in the manufacturing sector contracted by 0.2% in the third quarter of this fiscal from 5.2% expansion a year ago. However, the farm sector GVA growth was up at 3.5%, compared to 2% growth in the corresponding period of the previous fiscal. Construction sector GVA growth too slowed to 0.3% from 6.6% expansion earlier. Mining sector growth came in at 3.2%, as against a contraction of 4.4% a year ago. Electricity, gas, water supply and other utility services segment contracted by 0.7%, from 9.5% growth a year ago.

Similarly, trade, hotel, transport, communication and services related to broadcasting growth declined to 5.9% in the third quarter from 7.8% a year ago. Financial, real estate and professional services growth was up at 7.3% in Q3 FY2019-20 from 6.5%. Public administration, defence and other services reported improvement with 9.7% rise during the quarter under review, from 8.1% a year earlier. Moreover, the Per Capita Income in real terms (at 2011-12 Prices) during 2019-20 is estimated to attain a level of Rs 95,706 as compared to Rs 92,085 in the year 2018-19, giving a growth of 3.9% during 2019-20, as against 4.8% in the previous year. The Per Capita Income at current prices during 2019-20 is estimated to be Rs 134,432, showing a rise of 6.3% as compared to Rs 1,26,521 during 2018-19.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.