India’s GDP minus 23.9% from April to June

India GDP minus 23.9% from April to June August 31 at 11:27 p.m.

India’s GDP growth rate from April to June was minus 23.9% compared to the same period in the previous year, the biggest negative growth on record, as major economic activity was almost stopped due to the spread of the new coronavirus.
The growth rate of GDP from April to June, announced by the Government of India, was minus 23.9% compared to the same period in the previous year, the largest negative growth ever since India began releasing quarterly statistics in 1996.

In India, in response to the spread of the new coronavirus, the world’s toughest level of out-of-office restrictions were taken in March, and major economic activity across the country was almost suspended, a serious blow.

In addition, GDP growth in the same April-June quarter, which has already been announced, was the largest decline among Asian countries.

The Government of India has been making gradual easing of economic activity since June, but India is still unstoppable in the spread of the disease, with nearly 80,000 new cases per day being confirmed, and the growth rate for the current fiscal year is likely to decline to negative.