New Delhi, November 27: The Indian economy contracted by 7.5 per cent in the July-September quarter of this fiscal amid the COVID-19 crisis, official data showed on Friday. The gross domestic product (GDP) had expanded by 4.4 per cent in the corresponding July-September period of 2019-20, according to data released by the National Statistical Office (NSO).
The economy had shrunk by an unprecedented 23.9 per cent in the first quarter of this fiscal due to the coronavirus pandemic and resultant lockdowns.
China's economy grew by 4.9 per cent in July-September this year, faster than the 3.2 per cent growth in April-June 2020.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













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