Amid COVID-19 outbreak, India's GDP contracts 7.3% in FY2020-21
Shortpedia
Content Team
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As the second wave of COVID-19 has disrupted regular life, India's Gross Domestic Product (GDP) contracted 7.3% in the financial year 2020-21, data shared by the government showed on Monday. In the fourth January-March quarter, when infections had declined, a growth of 1.6% was recorded. In comparison, the GDP growth rate had stood at an 11-year low of 4.2% in FY 2019-20.
