GDP Growth in India: GDP contracts 7.3 percent for FY 2020-21
For the financial year 2020-21, the GDP growth in India is at -7.3 percent as compared to 4.0 percent in 2019-20, the Government of India said on Monday.
The GDP growth in India contracted 7.3 percent in 2020-21, the government's data showed, as the economy continues to reel under the after-effects Covid-19 pandemic.
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This was against 4 percent growth which was recorded in 2019-20, the data stated while GDP grew 1.6 percent in the fourth quarter—January-March—of 2020-21.
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The retail inflation for industrial workers marginally relaxed to 5.14 percent in April as compared to 5.64 percent in March. It was mainly due to the lower prices of certain food items.
The labour ministry stated that year-on-year inflation for April stood at 5.14 percent as compared to 5.64 percent for April and 5.45 percent during the corresponding month of the previous year.
As per the statement, the food inflation stood at 4.78 percent in April against 5.36 percent in the previous month while it was at 6.56 percent in April 2020.
Meanwhile, All-India CPI-IW (Consumer Price Index-Industrial Workers) for April 2021 raised by 0.5 points and stood at 120.1 points from 119.6 points in March.
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