Just in: India’s real #GDP is estimated to contract by 7.7% in 2020-21, as compared to a growth rate of 4.2% in 2019-20.
- @tragicosmicomic reports
- @tragicosmicomic reports
@tragicosmicomic Real GVA (Gross Valued added) at basic prices is estimated at ₹123.39 lakh crore in 2020-21, as against ₹133.01 lakh crore in 2019-20, showing a 7.2% contraction, as per advance estimates by the National Statisical Office.
@tragicosmicomic Only two sectors estimated to record positive #growth in GVA this year: #Agriculture (3.4%) and Electricity, Gas, Water Supply & Other Utility services (2.7%)
@tragicosmicomic The sharpest decline in 2020-21 is expected in Trade, Hotels, Transport, Communication and Services related to broadcasting (-21.4%), followed by Construction (-12.6%), Manufacturing (-9.4%), Financial, Real Estate and Professional Services (-0.8%), as per the advanced estimates.
@tragicosmicomic According to National Statistical Office, Agriculture is set to record positive growth while service sector will be the worst hit
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