IMPRINT Explained Indian Economy GDP contracts by 23.9% Q1 2020

#GDP #GST #GSTCompensation #ActofGod #Covid #Recession #Contraction #WorldBank #EaseofDoingBusiness #Mughals #UPSC #Unemeployment #Mckinsey #Agriculture #Construction #Steel #Cement

The Indian economy saw its worst contraction in decades, with Gross Domestic Product (GDP) shrinking by a record 23.9% in the April to June quarter in comparison to the same period last year, according to data released by the National Statistical Office on Monday
In this video, we discuss the following questions
1. India’s GDP growth contracts 23.9%: What is the economics behind the math? How is GDP calculated?
2. What is the biggest implication?
3. What is holding back the government from spending more? What can be done
Also Other Economic Issues like shrinking exports to massive unemployment to question marks on India’s Ease of Doing Business rankings and GST regime

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