GDP growth at -23.9% in Q1FY21: Here are the key highlights
The real GDP shrank 22.6 percent in the said quarter, marking the sharpest drop in the country's growth numbers in the last 41 years.
The Indian economy witnessed a whopping 23.9 percent contraction, the gross domestic product (GDP) numbers for the April-June quarter of fiscal year 2020-21 released on August 31 showed.
The real GDP shrank 22.6 percent in the said quarter, marking the sharpest drop in the country's growth numbers in more than 40 years.
The July-September quarter numbers become extremely important as another contraction would technically mean India has entered recession. The country's economy had last entered a recession in 1979.
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