India’s GDP contracted by 7.3% in 2020-21, with revival postponed to 2022-23
Before 2021-22 started, many economists expected the GDP for this year to be greater than the GDP for 2019-20 ( ₹145.69 trillion). They expected the Indian economy to be back where it was before the pandemic struck. But from the looks of it, that’s now not going to happen in 2021-22
India's gross domestic product (GDP) shrank 7.3% to ₹135.13 trillion in 2020-21 (in real terms adjusted for inflation). It was at ₹145.69 trillion in 2019-20. GDP is a measure of the economic size of a country, and inflation is the rate of price rise.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more