India’s GDP has contracted five times since 1947, but never as bad as 7.3%
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The Asian giant’s gross domestic product (GDP) has contracted by 7.3% in 2020-21 — and that’s the biggest dip India has seen since its independence in 1947.
India’s GDP growth had already been slowing down for nearly half a decade. The unexpected onset of the COVID-19 pandemic compounded the stress on the economy with lockdowns and limitations on movement to drag the economy into the red— something that hasn’t happened since 1979.

India’s GDP has contracted five times since 1947, but never as bad as 7.3%

GDP grows 1.6% in Q4, but contracts 7.3% in FY21

India’s GDP contracts 7.3% in FY21; grows at 1.6% in Q4

India’s March quarter GDP at 1.6%, FY21 growth revised to -7.3%

India’s GDP shrank by 7.3% in 2020-21; up by 1.6% in last quarter

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