Economy: steepest GDP decline on record -R Suryamurthy

Share this article Share this article
published Published on Sep 1, 2020   modified Modified on Sep 2, 2020

-The Telegraph

The last time that India faced a full-year contraction in its real GDP was in 1980

The Indian economy shrank by 23.9 per cent in the first quarter ended June 30, signalling that the road to recovery would be more arduous than most economists have projected.

It marks the steepest decline since the National Statistical Office (NSO) started quarterly measurement of gross domestic product (GDP) in 1996.

The slide in real GDP — which is measured on the basis of prices in 2011-12 — had been expected after the Narendra Modi government clamped the world’s severest lockdown in March to stop the spread of the coronavirus pandemic, triggering a slump in consumer spending, private investment and exports.

Please click here to read more.


The Telegraph, 1 September, 2020, https://www.telegraphindia.com/india/economy-steepest-gdp-decline-on-record/cid/1790636?fbclid=IwAR0X3Bsso3DoNQvv7V8shvv6MtzVlZfh9lcjEkXhSpmtR4yUUuQ30o5uEso


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close