Page 3 - மூத்தவர் பொருளாதார நிபுணர் இல் கோட்டக் மஹிந்திரா வங்கி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Indian economy contracts by record 7.3% in 2020-21 May 31, 2021 India’s economy contracted 7.3 percent in 2020-21, official data showed Monday, its worst recession since independence as coronavirus lockdowns put millions out of work. Asia’s third-largest economy grew by 1.6 percent between January and March the fourth fiscal quarter after exiting its first “technical recession” since 1947 following two successive quarters of contraction. About 230 million Indians fell into poverty due to the pandemic last year, according to a study by Bangalore’s Azim Premji University, which defined the poor as those living on less than 375 rupees ($5) a day. An easing of restrictions towards the end of 2020 helped propel a tentative recovery in activity, but this may prove short-lived following an explosion in Covid-19 cases in April and May. India’s vicious second wave, which has killed 160,000 people in eight weeks, prompted further lockdowns and saw 7.3 million people lose the

United kingdomAbhijit banerjeeNarendra modiUpasna bhardwajEsther dufloSenior economist at kotak mahindra bankBangalore azim premji universityInternational monetary fundCentre for monitoring the indian economyAzim premji universityMinister narendra modiSenior economistKotak mahindraஒன்றுபட்டது கிஂக்டம்நரேந்திர மோடிஉப்பச்ந பரத்வாஜ்