Steepest GDP Contraction on record: Future Challenges
Situation assessment as on 07 September, 2020
The economy shrank by 23.9 per cent in the first quarter ended June 30 marking the steepest decline ever. This is the first official data-led indication of contracting real / nominal GDP, GVA etc. The study examines factors leading to the collapse in growth; extremely challenging future outlook with only a ‘U’ shaped recovery probable; whether the downturn will extend further; an even worse situation in States; and that Agriculture alone may not be enough to bail out the economy.
Situation assessment as on 7 September ( (2,635 words)
Price: Rs 600/-
Date of SS: 07 September 2020
