The GDP growth number for the April-June 2020 quarter the fiscal year 2020-21 (Q1FY21) was expected to be dismal and the estimates varied from 15-30 per cent. The contraction of 23.9 per cent during this period is a clear reflection of the slowdown caused by the shutdown in March 2020, which was virtually total in April and opened only gradually in the subsequent two months.
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First Published: Mon, August 31 2020. 18:38 IST
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