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GDP at worst contraction since independence

As per the data released by the National Statistical Office (NSO), India’s Gross Domestic Product (GDP) for the April- June quarter (Q1) slipped by a sharp 23.9 percent.

This data was released by NSO, which comes under the Ministry of Statistics and Programme Implementation, and this data is vital as it will provide the first benchmark of the state of India’s economy after the pandemic.

The June quarter GDP data Is the worst contraction in the history of the Indian economy since independence. According to the economist survey, India’s GDP is estimated to have decline 18 percent in the quarter ended June.

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