Infographic: India\'s GDP - Apples to apples

Infographic: India's GDP - Apples to apples

Be it any metric, India's GDP has suffered the biggest contraction among world's major economies

Mudit Kapoor | Mohsin Sheikh | September 8, 2020 | Updated 19:15 IST
India's GDP has suffered the biggest contraction among world's major economies

It's bad, no matter how you cut it. India's GDP was already going downhill before COVID-19 arrived; the pandemic catalysed the nosedive. As a result, India reported its worst decline in GDP growth since 1996, when it started publishing quarterly national accounts. Only agriculture managed to grow - a measly 3.4 per cent - while every other sector tanked. This BusinessToday.In infographic compares decline in India's GDP with contractions in other major global economies in three different metrics, and analyses its severity.

Also view: Bitter Pill -- Indian pharma's dependence on China

Also view: Will credit rating agencies downgrade India to junk status?

Also view: How Jio made Reliance net-debt free

Also view: How coronavirus has damaged job scene in India

Also view: How little Govt will spend of Rs 21 lakh cr stimulus package

Also view: Alcohol to the rescue

Also view: Has Sensex bottomed out?

Also view: What crude crash means for India

Also view: How coronavirus has hurt Indian economy

Also view: The Big PPEs shortage in battling coronavirus

Also view: How is coronavirus test done?