Economics

First Time In 40 Years, Indian Economy Contracts By 7.3%

The Indian economy grew by 1.6 per cent in the January to March quarter (Q4) of 2020-21 from the previous year but shrank by 7.3 percent for the entire year. This is the worst contraction in more than 40 years.Data furnished by the National Statistical Office on Monday, May 31, revealed that the...