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INDIA'S GDP CONTRACTION BY 23% IN Q1FY21

 

INDIA’S GDP CONTRACTED BY 22.9% IN APRIL-JUNE QUARTER OF YEAR 2020-21

In financial year 2021 first quarter national GDPs growth calculated as 22.9%, this is the highest GDP contraction in last four decades. GVA for first quarter FY-21 is -22.8%. Year 2020-21 will be the first time in last 41 years when annual GDP growth will be negative (Forecasted= -5.5%)

Image: GDP Q1FY-21 comparison between world top economies

Image: Various sectors growth in Indian economy
India's Economy growth graph in last 20 years



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