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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
Infographic: India's GDP - Apples to apples
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.

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