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Indian economy entered bad phase even before Covid19 lockdown

Indian Economy

Shortpedia

Content Team
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The Indian GDP growth rate started declining way before the lockdown was imposed in the wake of the novel coronavirus. The GDP slump continued for 8 continuous months. From 8.2% in March 2018, the growth rate declined to 3.1% in March 2020. The GDP growth rate decline already entered the worst phase in March 2020 and it was worse than March 2012, when quarterly GDP growth fell from 10.3% in March 2011 to 4.9% in June 2012.


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