Amid Pandemic, Economy Did Shrink But Govt Spent Less Than Last Year

According to data released by the National Statistics Office (NSO), India's GDP has shrunk by 7.5% in the second quarter of July-September. Note the data is for the period when the lockdown in the country was over and the government was running 'self-reliant India' and all other new schemes to revive the COVID-19 hit economy.
But the latest data shows that the Central Government's expenditure declined during the July-September quarter, implying that the benefit of the Rs 20 lakh crore stimulus package, announced in May, did not reach people and the government has failed to put more money into the economy.
In the first quarter of the current fiscal, the government spent Rs 7,26,278 crore, while in the second quarter of July-September, this figure was reduced to Rs 5,61,812 crore, per NSO data.
In the first quarter of the current fiscal, the government spent Rs 7,26,278 crore, while in the second quarter of July-September, this figure was reduced to Rs 5,61,812 crore, per NSO data.
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