Indian economy contracts by 6.6% in 2020-21

By Lola Smith

Published: January 31, 2022 | 1:03 PM GMT

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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Lola Smith is a highly experienced writer and journalist with over 25 years of experience in the field. Her special interest lies in journalistic writeups, where she can utilize her skills and knowledge to bring important stories to the public eye. Lola’s dedication to her craft is unparalleled, and she writes with passion and precision, ensuring that her articles are informative, engaging, and thought-provoking. She lives in New York, USA.