As per the estimate, real Gross Value Added (GVA) at basic prices is estimated at Rs 123.39 lakh crore in 2020-21, as against Rs 133.01 lakh crore in 2019-20, showing a contraction of 7.2 percent.
“With a view to contain the spread of the COVID-19 pandemic, certain restrictions were imposed from 25 March 2020. Though the restrictions have been gradually lifted, there has been an impact on the economic activities as well as on the data collection mechanisms,” the National Statistical Office (NSO) said.
In terms of sectors, the estimates showed that GVA at basic prices by economic activity at 2011-12 prices showed a contraction in trade, hotels, transport, communication and services related to broadcasting; financial, real estate and professional services; and public administration, defence and other services at (-)21.4 percent, (-)0.8 percent and (-)3.7 percent, respectively.
The growth in the agriculture, forestry and fishing; mining and quarrying; manufacturing and construction is…