<img src="https://trc.taboola.com/1321591/log/3/unip?en=page_view" width="0" height="0" style="display:none">
Fact Check Library

Fact Check with Logically.

Download the Free App Today

true
true

CLAIM ID

536e87f0

India’s economy contracts by 23.9% the worst in decades.

The estimates of GDP for the first quarter of 2020-2021 have contracted to 23.9% that marked the negative growth for the economy.

The Indian economy estimated its lowest contraction in decades, with Gross Domestic Production(GDP) shrinking by a record of 23.9% in the April to June quarter as compared to 5.2 percent growth in Q1 2019-20, according to data released by the National Statistical Office on August 31, 2020.

According to some of the economical experts, the GDP has marked the worst incidence of negative growth for the economy since 1996 when India began publishing quarterly figures.

The contraction reflects the severe impact of the COVID-19 lockdown, which halted most economic activities, as well as the slowdown trend of the economy, even pre-COVID-19.

Have a question or correction?

Please tell us if you think this claim had been misjudged or requires correction by sending us evidence to support your error claim. We will revisit our evidence and verdict and do some additional research to double check if we can verify the new information

Fact Check of the Day

false

The Arizona election audit found tens of thousands of illegitimate ballots.