Indian economy collapsed due to quarantine



Indian economy collapsed due to quarantine

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 — by 47%, in manufacturing — by 39.3%. Growth was noted only in agriculture — 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 — 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.





Views: 78

TAGS: INDIA, ECONOMY, CORONAVIRUS, QUARANTINE

Add a comment!

Your name:
Your Email:
  • bowtiesmilelaughingblushsmileyrelaxedsmirk
    heart_eyeskissing_heartkissing_closed_eyesflushedrelievedsatisfiedgrin
    winkstuck_out_tongue_winking_eyestuck_out_tongue_closed_eyesgrinningkissingstuck_out_tonguesleeping
    worriedfrowninganguishedopen_mouthgrimacingconfusedhushed
    expressionlessunamusedsweat_smilesweatdisappointed_relievedwearypensive
    disappointedconfoundedfearfulcold_sweatperseverecrysob
    joyastonishedscreamtired_faceangryragetriumph
    sleepyyummasksunglassesdizzy_faceimpsmiling_imp
    neutral_faceno_mouthinnocent
The code:
Кликните на изображение чтобы обновить код, если он неразборчив
Enter a code: