GDP numbers reinforce belief that economy is headed for recession: Analysts

While estimates varied across brokerages and economists, the common thread that ran through the estimates was the fact that the economy is headed towards a recessionary phase

economic slowdown
Web Exclusive Premium

With the government set to announce the roadmap over the weekend for on how it plans to deal with the lockdown, any extension, analysts say, could further dent the economy | Illustration: Ajay Mohanty

Puneet Wadhwa New Delhi
The gross domestic product (GDP) numbers for the January – March 2020 quarter (Q4FY20 / Q1CY20) has reinforced the belief that the Covid-19 hit Indian economy is indeed headed towards a recessionary phase. Economic growth in India as measured by the GDP grew at 3.1 per cent in the January – March 2020 quarter – the slowest growth in at least eight years, official data showed on Friday. The headline number for the full FY20 financial year came at an 11-year low of 4.2 per cent versus 6.1 per cent in FY19.

“Higher-than-expected growth in Q4FY20 should not be viewed with
Topics : GDP

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 29 2020 | 8:06 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to