Economy shrinks record 23.9% in Q1: Here's how different sectors fared

Economy shrinks record 23.9% in Q1: Here's how different sectors fared

IndiaTimes

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The gross domestic product (GDP) numbers for the first quarter (ended June 30) released on Monday showed the biggest ever contraction in India's economy -- 23.9 per cent. The nationwide lockdown from March 25 to curb the spread of Covid-19 infections have adversely impacted all sectors of the economy. While manufacturing and construction sectors contracted by a whopping 39.3 per cent and 50.3 per cent respectively in Q1, agriculture emerged as the only outlier among all.

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