{"id":86597,"date":"2020-09-01T13:10:45","date_gmt":"2020-09-01T07:40:45","guid":{"rendered":"https:\/\/factly.forumias.com\/?p=17195"},"modified":"2020-09-01T13:10:45","modified_gmt":"2020-09-01T07:40:45","slug":"gdp-contracts-by-record-23-9-in-q1","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/gdp-contracts-by-record-23-9-in-q1\/","title":{"rendered":"GDP contracts by record 23.9% in Q1"},"content":{"rendered":"\n<p><strong>News: <\/strong>The National Statistical Office(NSO) has released the GDP data.It has shown that GDP in the April-June quarter of 2020-21 has shrinked by 23.9% compared with growth of 3.1% in the previous (January-March) quarter.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/oAIBZhc1rfdbe-xLJBEDFDG5MTTc9O-Ptjb-LTD76ImUhYaXw7DhVKTFuY2CE1Rf8nh03iJo1OAnTdZuzPKJ7LT5SyrJkwcSIZ3eV0qNpuaJbnsWbJpHjBg3FhU4weLx-KL8230N\" alt=\"\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Indian economy <\/strong>shrank by 23.9%, its worst slump since the country started releasing quarterly data in 1996.<\/li><li><strong>Among major economies, <\/strong>India\u2019s contraction was the sharpest.China, after posting a contraction in the January-March quarter has recovered with 3.2% growth in the April-June quarter.<\/li><li><strong>Agriculture<\/strong> was the only bright spot.The sector rose an annual 3.4% in the June quarter compared with a growth of 3% in the June quarter of 2019-20.<\/li><li><strong>Manufacturing sector <\/strong>has fallen by 39.3% in the June quarter while construction slumped 50.3% during the three-month period.<\/li><li><strong>Services sector <\/strong>which accounts for nearly 60% of the economy, slumped by 20.6% in the June quarter, compared to a 4.4% growth in the previous.&nbsp;<\/li><li><strong>Private consumption<\/strong> witnessed a sharp decline of 24.5% in the first quarter from 8.5% increase in the year ago period.<\/li><li>However, <strong>government consumption <\/strong>saw a 20.2% increase in the June quarter compared with the 9.5% growth in the same quarter of the previous year.&nbsp;<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: The National Statistical Office(NSO) has released the GDP data.It has shown that GDP in the April-June quarter of 2020-21 has shrinked by 23.9% compared with growth of 3.1% in the previous (January-March) quarter. Facts: Indian economy shrank by 23.9%, its worst slump since the country started releasing quarterly data in 1996. Among major economies,&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/gdp-contracts-by-record-23-9-in-q1\/\">Continue reading <span class=\"screen-reader-text\">GDP contracts by record 23.9% in Q1<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[4157,4158],"class_list":["post-86597","post","type-post","status-publish","format-standard","hentry","category-economy","tag-gdp-data","tag-nationa-statistical-office","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700770405,"cached_date":1704950201},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86597"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86597\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}