India's gross domestic product (GDP) at constant (2011-12) prices in quarter 1 (Q1) of fiscal 2020-21 is estimated at ₹26.90 lakh crore, as against ₹35.35 lakh crore in Q1 of 2019-20, showing a contraction of 23.9 per cent as compared to 5.2 per cent growth in Q1 2019-20, according to the estimates released by the National Statistical Office (NSO).
India's gross domestic product (GDP) at constant (2011-12) prices in quarter 1 (Q1) of fiscal 2020-21 is estimated at ₹26.90 lakh crore, as against ₹35.35 lakh crore in Q1 of 2019-20, showing a contraction of 23.9 per cent as compared to 5.2 per cent growth in Q1 2019-20, according to the estimates released by the National Statistical Office (NSO).#
Quarterly gross value added (GVA) at Basic Price at constant (2011-12) prices for Q1 of 2020-21 is estimated at ₹25.53 lakh crore, as against ₹33.08 lakh crore in Q1 of 2019-20, showing a contraction of 22.8 per cent.
India's gross domestic product (GDP) at constant (2011-12) prices in quarter 1 (Q1) of fiscal 2020-21 is estimated at ₹26.90 lakh crore, as against ₹35.35 lakh crore in Q1 of 2019-20, showing a contraction of 23.9 per cent as compared to 5.2 per cent growth in Q1 2019-20, according to the estimates released by the National Statistical Office (NSO).#
GDP at current prices in Q1 2020-21 is estimated at ₹38.08 lakh crore, as against ₹49.18 lakh crore in Q1 2019-20, showing a contraction of 22.6 per cent as compared to 8.1 per cent growth in Q1 2019-20. GVA at Basic Price at current prices in Q1 2020-21, is estimated at ₹35.66 lakh crore, as against ₹44.89 lakh crore in Q1 2019-20, showing a contraction of 20.6 per cent.
India's gross domestic product (GDP) at constant (2011-12) prices in quarter 1 (Q1) of fiscal 2020-21 is estimated at ₹26.90 lakh crore, as against ₹35.35 lakh crore in Q1 of 2019-20, showing a contraction of 23.9 per cent as compared to 5.2 per cent growth in Q1 2019-20, according to the estimates released by the National Statistical Office (NSO).#
With a view to contain spread of the covid-19 pandemic, restrictions were imposed on the economic activities not deemed essential, as also on the movement of people from March 25, 2020. "Though the restrictions have been gradually lifted, there has been an impact on the economic activities as well as on the data collection mechanisms. The timelines for filing statutory returns were also extended by most regulatory bodies. In these circumstances, the usual data sources were substituted by alternatives like GST, interactions with professional bodies etc. and which were clearly limited," the ministry of statistics and programme implementation said.
India's gross domestic product (GDP) at constant (2011-12) prices in quarter 1 (Q1) of fiscal 2020-21 is estimated at ₹26.90 lakh crore, as against ₹35.35 lakh crore in Q1 of 2019-20, showing a contraction of 23.9 per cent as compared to 5.2 per cent growth in Q1 2019-20, according to the estimates released by the National Statistical Office (NSO).#
Fibre2Fashion News Desk (RKS)
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