India’s GDP Contracts By 23.9% In April-June Quarter; Worst Quarterly Performance Since Independence

by Rahul Gautam Aug 31, 2020 • 11:12 PM Views 1087

 

India's GDP plunged by a record -23.9 percent in the April-June quarter, the worst quarterly performance since Independence, according to the data released by the National Statistics Office (NSO). During the April-June quarter of 2020-21, all sectors except agriculture have seen a sharp decline. The manufacturing sector saw a decline of 50.3 percent, while manufacturing saw a decline of 39.3 percent