GDP Q1’FY21 – A Quarter is Lost…

The GDP for the quarter ended June’20 (Q1’FY21) has suffered an unprecedented decline as per the data released by NSO (National Statistical Office) today. With a decline of 23.9%, almost a quarter of the GDP has got wiped out! The economy’s performance is among the worst across the globe and with daily Covid cases hitting close to 80,000, global highest, government seems to have failed to protect both – health of the economy and of its people. While this may have been the worst for the economy, it is difficult to predict how far it would go before the worst is over for the people. Here is a brief analysis of GDP and its constituents. Continue reading GDP Q1’FY21 – A Quarter is Lost…