India's economy in April-June fell by 23.9% compared to the same period in 2019. This was announced on Monday, August 31, by the Trading Economics platform, citing official data.
Activity in the construction industry fell by 50.3%, in hotels and transport вЂ” by 47%, in manufacturing вЂ” by 39.3%. Growth was noted only in agriculture вЂ” by 3.4%.
Analysts had expected India's gross domestic product to contract by 18.3% over the past quarter. In January-March, India's GDP grew by 3.1%.
The last time the annual decline in the Indian economy was recorded in 1980 вЂ” by 5.2%.
India is one of the three countries hardest hit by coronavirus infection.
As reported, in the second quarter of this year, the Canadian economy contracted by a record 38.7% in annual comparison and entered a recession due to the coronavirus epidemic.