Economic contraction in 4 decades: India's GDP shrinks 23.9%

India’s economy contracted by a whopping 23.9% in the first quarter of the 2021 financial year, in what is the latest sign of the toll that the COVID-19 lockdown has taken on economic activity.
According to data, real GDP for the April-June 2021 quarter fell by 23.9% in comparison to the same quarter a year ago.