Months after the coronavirus induced lockdown and the follow up unlock, GDP data likely to be released later today will paint the extent of damage to the economy and give an idea of the critical course correction required. High labour migration, job losses, and poor investment atmosphere is likely to push the already slowed economy into a tight corner.
Economists project GDP might contract 19.2 per cent in the April-June quarter from a year ago, the sharpest decline since the nation started publishing quarterly figures in 1996. The rate of India's FY20 GDP growth had declined to 4.2