effects os the COVID-19 pandemic on the indian economy
Answer (1)
19th Oct, 2021
Hello student ,
The economic impact of the COVID-19 pandemic in India has been largely disruptive.As per the official data released by the ministry of statistics and program implementation, the Indian economy contracted by 7.3% in the April-June quarter of this fiscal year.The GDP growth had crashed 23.9% in response to the centre’s no notice lockdown. India’s GDP shrank 7.3% in 2020-21. This was the worst performance of the Indian economy in any year since independence.By 24 April,2020 the unemployment rate had increased nearly 19% within a month, reaching 26% unemployment across India.
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