During the two quarters of the financial year (2020-21) a major decline in GDP was recorded due to the corona virus epidemic.
- February 26, 2021, 5:56 PM IST
There was a decline of 7.5 percent in the second quarter
India’s GDP registered a decline of 24 percent during the first quarter (April-June) and 7.5 percent in the second quarter (July-September). Recently, the latest report of DBS said that in the third quarter it will become positive and it will increase by 1.3 percent.
GDP in the third quarter of 2020-21 shows growth at 0.4 per cent: Ministry of Statistics & Program Implementation pic.twitter.com/YiwaWxJWOB
– ANI (@ANI) February 26, 2021
According to CNBC, the Fiscal Deficit figure from April to January stood at Rs 12.34 lakh crore as compared to Rs 9.85 crore in the same period last year. GVA growth in fiscal year 2021 was -6.5 per cent, while CNBC-TV18 had projected to be -6.7 per cent.