India News | Indian Economy Contracts by 6.6 Pc in 2020-21
Get latest articles and stories on India at LatestLY. Indian economy contracted by 6.6 per cent in 2020-21 on account of outbreak of COVID-19 and subsequent nationwide lockdown to contain the pandemic.
New Delhi, Jan 31 (PTI) Indian economy contracted by 6.6 per cent in 2020-21 on account of outbreak of COVID-19 and subsequent nationwide lockdown to contain the pandemic.
As per the provisional estimates released in May 2021, the GDP had contracted by 7.3 per cent in 2020-21.
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"Real GDP or GDP at constant (2011-12) prices for the years 2020-21 and 2019-20 stands at Rs 135.58 lakh crore and Rs 145.16 lakh crore, respectively, showing a contraction of 6.6 per cent during 2020-21 as compared to growth of 3.7 per cent during 2019-20," National Statistical Office said in the revised national account data released on Monday.
(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)