India's GDP contracts by 7.3% in FY2020-21, rises 1.6% in Q4

India's GDP contracts by 7.3% in FY2020-21, rises 1.6% in Q4
News Network
May 31, 2021
New Delhi, May 31: India's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday.
The fourth quarter growth was better than the 0.5 per cent expansion in the previous October-December quarter of 2020-21.
The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20, according to data released by the National Statistical Office (NSO).
In 2020-21, the Indian economy contracted by 7.3 per cent against 4 per cent expansion in 2019-20, showing the economic impact of the Covid-19 pandemic.

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