As FY'20 GDP Growth Falls Below 5%, How Much Pain Lies Ahead for the Indian Economy?

As FY'20 GDP Growth Falls Below 5%, How Much Pain Lies Ahead for the Indian Economy?

Gross domestic product (GDP) growth for Q4 FY’20 was at 3.1, according to government data released on Friday evening.br Consequently, GDP growth for the full FY’20 is estimated at 4.2, a 11-year-low. In FY’19, GDP growth clocked in at 6.1. br The economic growth figures are one of the first major macro signs of the pain inflicted by the COVID-19 pandemic. While a nationwide lockdown was only imposed on March 25, the government’s data shows that Indian consumers and businesses had started to turn wary from the beginning of the month.


User: The Wire

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Uploaded: 2021-06-03

Duration: 17:40

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