Page 2 - மையம் க்கு பொருளாதார செயல்திறன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The pandemic in data: How Covid-19 has devastated India’s economy The sharp drop in GDP is the largest in the country’s history – and even that may well underestimate the economic damage experienced by the poorest households. 15 hours ago The children of migrant workers at a bus stop in Ghaziabad on April 20 as the Delhi government ordered a lockdown to prevent the spread of Covid-19. | Adnan Abidi/Reuters From April to June 2020, India’s GDP dropped by a massive 24.4%. According to the latest national income estimates, in the second quarter of the 2020-’21 financial year (July-September 2020), the economy contracted by a further 7.4%, with the third and fourth quarters (October 2020-March 2021) seeing only a weak recovery, with GDP rising 0.5% and 1.6%, respectively. This means that overall rate of contraction in India was (in real terms, adjusted for inflation) 7.3% for the whole 2020-’21 financial year.

Uttar pradeshInternational monetary fundConsumer pyramids householdInternational labour organizationLondon school of economicsWorld bankInstitute for health metricsConsumer pyramids household surveyUniversity of washingtonNational sample survey organisationCentre for economic performanceFrom aprilEconomic contractionEmerging marketDeveloping economiesMiddle income countries