The Indian economy was in one of its worst slowdown phases even before the Covid-19 pandemic. GDP growth fell continuously for eight quarters (except for a flash of 0.08 percentage points between December 2018 and March 2019. It was 8.2% in March 2018 and had fallen to only 3.1 % …
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Even before the pandemic hit, Asia’s third-largest economy was in the midst of a slowdown. Highlight Today’s data will likely show India’s June quarter GDP declining 19.2% That would be the sharpest contraction since 1996. The COVID-19 lockdown caused an unprecedented blow to the economy India, once the world’s fastest-growing …
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India’s growth in the first quarter of the current financial year is likely to be “the worst” among the four quarters of fiscal year-21 due to economic disruptions caused by the Covid-19 pandemic, according to a report by EY India that indicates a better economic performance since the second quarter. …
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