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India's 2020-21 GDP shrinks by record 7.3 per cent; Jan-March quarter sees 1.6 per cent growth


India s 2020-21 GDP shrinks by record 7.3 per cent; Jan-March quarter sees 1.6 per cent growth
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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By PTI
NEW DELHI: India s economy contracted by less-than-expected 7.3 per cent in the fiscal year ended March 2021 after growth rate picked up in the fourth quarter, just before the world s worst outbreak of coronavirus infections hit the country.
The gross domestic product (GDP) in Asia s third-largest economy grew by 1.6 per cent in the January-March period, up from 0.5 per cent in the previous quarter when India began pulling out of a steep pandemic-induced recession in the earlier six months. ....

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