The economy had its worst contraction on record in FY21 at 7.3 percent as the 2.5 months of unplanned lockdown announced by the centre with just a four-hour notice had crippled the economy in the first quarter with a massive 23.9 percent contraction, which improved to -17.5 percent in the second quarter.India#39;s economy likely contracted 12% in Q1: Report
The economy had its worst contraction on record in FY21 at 7.3 percent as the 2.5 months of unplanned lockdown announced by the centre with just a four-hour notice had crippled the economy in the first quarter with a massive 23.9 percent contraction, which improved to -17.5 percent in the second quarter.
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