ALREADY in a slowdown before the Covid pandemic, India’s Gross Domestic Product (GDP) growth contracted 23.9 per cent in the April-June quarter. This also marked its entry into a recessionary phase this year, data released by the National Statistical Office (NSO) Monday showed.
Construction, manufacturing and trade, hotels and transport were the worst-hit sectors, recording contractions of 50.3 per cent, 39.3 per cent and 47.0 per cent, respectively. This reflects the unprecedented suspension of economic activity in the first…