India Business News: NEW DELHI: The overall economic impact of the second wave of the pandemic will not be very significant, the government’s chief economist Krishnamurthy.
Tribune News Service
New Delhi, May 31
The Indian economy contracted by 7.3 per cent during the financial year 2020-21, weighed down by a nationwide lockdown that hit consumption and halted most eco
India Business News: Within minutes of release of fourth quarter GDP numbers, chief economic adviser Krishnamurthy Subramanian made a detailed presentation on the economic
Economy Contracts By Record 7.3% For Year, Q4 Showed Revival Economy Contracts By Record 7.3% For Year, Q4 Showed Revival Gross domestic product grew 1.6 per cent in January-March compared with the same period a year earlier, data from the statistics ministry showed on Monday.
People walk at a crowded market amid the spread of coronavirus in Delhi. (FILE)
New Delhi:
India s annual economic growth rate picked up in January-March compared with the previous three months, but economists are increasingly pessimistic about this quarter after a huge second wave of COVID-19 infections hit the country last month.
A slow vaccination drive and local restrictions after a massive second wave of infections and deaths across the country have hit economic activities like retail, transport and construction while putting millions out of work.
The Indian economy grew 1.6% in the January-March quarter of 2020-21, signalling a sharp recovery that started after two consecutive quarters of contraction due to the impact of the strict lockdown. For the full year, however, it contracted 7.3%, lower than the estimated 8% earlier.