The data Of falling GDP comes as the government is strategically removing restrictions imposed in March to curb COVID-19 infections, which have caused a big blow to an already-slowing economy.
Chief Economic Advisor Krishnamurthy Subramanian said, “India was in a lockdown all through April to June quarter with majority of economic activities being restricted. So this trend is along expected lines… Core Sector output is clearly showing a V-shaped recovery.”
This is by far the India’s deepest recession on record and would likely to continue due to the rapid spread of pandemic which is going to adversely affect our economic activity.
