Steep decline in rate of Growth of India’s GDP

Steep decline in rate of Growth of India's GDP
Steep decline in rate of Growth of India's GDP

Relevance: 

According to the latests data released by National Statistics Office (NSO) India’s Gross Domestic Product (GDP) contracted by 23.9% during the April-June 2020 quarter in comparison to the corresponding period of last year. The reason can be attributed to limited economic activity in the country during the said quarter on account of lockdown imposed to curtail the the spread of COVID-19 pandemic. The following articles will give you a holistic overview of the situation that has developed over the period.

  1. Inevitable collapse: on steepest contraction of GDP
  2. GDP growth at -23.9% in Q1; first contraction in more than 40 years
  3. First economic contraction in 4 decades: India’s GDP shrinks 23.9% in Q1, FY21
  4. Indian economy staring at double-digit decline as Covid-19 cases spike
  5. India GDP growth contracts 23.9%: What is the economics behind the math?
  6. GDP Truth: No, India didn’t do better than US did
  7. Moody’s projects 11.5% contraction in India’s economic growth in FY21
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