| New Delhi |
Updated: August 31, 2020 3:42:38 pm
The April-June Gross Domestic Product (GDP) will mark India’s entry into a recessionary phase — with two consecutive quarters of GDP contraction, the trend is expected to continue in the July-September quarter as well.
With economic activity severely disrupted in the first two months of this fiscal, hit hard by a series of localised lockdowns and rising Covid-19 cases, GDP contraction for the first quarter is being pegged at an average 20 per cent by economists, with the de-growth range between 15.2 per cent and 25.5 per cent.
The National Statistical…