Posted inIndia

India’s 1st full-year GDP contraction in 4 decades

India’s gross domestic product growth grew 1.6% for the fourth quarter but for the entire fiscal year (2020-21) it contracted 7.3% as the country battled Covid-19 and imposed lockdowns to curb the spread of the virus, according to data released by the statistics ministry. This is India’s worst annual performance in just over four decades. […]