Ramaswami: The third quarter (October-December) GDP (gross domestic product) estimates which have just been released show a 4.7% growth over the corresponding quarter last year, which comes on the heels of a 4.5% growth in the second quarter. The National Statistical Office (NSO) now believes that the growth rate for the fiscal year 2019-20 will be no more than 5%. Various financial agencies put the figure even lower.