GDP growth slips to 4.5 %, affects hosiery industry

Updated:6 years, 7 months ago

Ludhiana (Punjab), Dec 01 (ANI): GDP growth of India slipped to 4.5 % in the 2nd quarter of FY20. It marked the slowest expansion in 26 quarters. It was mainly on account of weak manufacturing and a drop in exports due to a global slowdown. The data also affected the hosiery industry. One of the shop owners in the hosiery industry said, “The season is right but people have no money as such. I request the government to help us.”

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GDP growth slips to 4.5 %, affects hosiery industry

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