India Q1 GDP: India's GDP Drops By 23.9%, Sharpest Contraction On Record

India Q1 GDP: India's gross domestic product or GDP contracted by 23.9 per cent in the April-June period, official data showed today, as the coronavirus pandemic-induced disruptions hurt businesses and livelihoods despite monetary and fiscal support of Rs. 21 lakh crore. That marked the worst decline in the economy since 1996 when India began publishing quarterly figures, and the worst among major Asian economies. Economists, analysts and investors had keenly awaited the reading as today's data fully captures the impact of the coronavirus crisis on economic and business activity.

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