Indian economy contracts by 6.6% in 2020-21

Indian economy contracted by 6.6 per cent in 2020-21 on account of outbreak of COVID-19 and subsequent nationwide lockdown to contain the pandemic.

The GDP had contracted by 7.3 per cent in 2020-21, as per the provisional estimates released in May 2021.

”Real GDP or GDP at constant (2011-12) prices for the years 2020-21 and 2019-20 stands at Rs 135.58 lakh crore and Rs 145.16 lakh crore, respectively, showing a contraction of 6.6 per cent during 2020-21 as against growth of 3.7 per cent during 2019-20,” National Statistical Office said in the revised national account data.

(With inputs from PTI)

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