Hit by coronavirus pandemic, India's GDP shrinks
- 4 years ago
The fear of policymakers comes true after seeing the data of India's GDP of the first quarter. Hit by the novel coronavirus, GDP has shrunk by 23.9 percent. Data is from the month of April, May, and June, when India was under strict lockdown. The year-on-year GDP contraction during the June quarter (Q1FY21) is India's worst growth performance since the country started reporting quarterly GDP data in 1996. Watch the video to know more.