Home / Economy / News / Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts

Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts

Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said

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It said the rural economy, government spending and essentials will likely be the only sectors mitigating some of the decline.

Press Trust of India Mumbai

3 min read Last Updated : Aug 25 2020 | 11:26 PM IST

The country's gross domestic product (GDP) may have contracted by 25 per cent in the June quarter, which witnessed the strictest coronavirus-induced lockdowns, analysts said on Tuesday.

Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on August 31, they said.

A nationwide lockdown was imposed in the country on March 25, as the Covid-19 pandemic came ashore. While the impact to the economy has been the hardest, the number of those infected have continued to grow and the country has crossed a grim

Topics : Coronavirus Lockdown GDP GDP growth India GDP Manufacturing sector Construction sector Travel & tourism

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