Watch | FY'20 GDP Growth Falls Below 5%. How Much Pain Lies Ahead for the Indian Economy?

Name: Watch | FY20 GDP Growth Falls Below 5%. How Much Pain Lies Ahead for the Indian Economy? - The Wire
Uploaded: 2020-05-29T20:33:38+05:30
Channel: The Wire
Description: The economic growth figures are one of the first major macro signs of the pain inflicted by the COVID-19 pandemic.

The economic growth figures are one of the first major macro signs of the pain inflicted by the COVID-19 pandemic.

Mitali Mukherjee

The economic growth figures are one of the first major macro signs of the pain inflicted by the COVID-19 pandemic.

watch fy 20 gdp growth falls below 5 how much pain lies ahead for the indian economy

Gross domestic product (GDP) growth for Q4 FY’20 was at 3.1%, according to government data released on Friday evening.

Consequently, GDP growth for the full FY’20 is estimated at 4.2%, a 11-year-low. In FY’19, GDP growth clocked in at 6.1%.

The economic growth figures are one of the first major macro signs of the pain inflicted by the COVID-19 pandemic.

While a nationwide lockdown was only imposed on March 25, the government’s data shows that Indian consumers and businesses had started to turn wary from the beginning of the month.

This article went live on May twenty-ninth, two thousand twenty, at thirty-three minutes past eight in the evening.

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