Hit by coronavirus pandemic, India's GDP shrinks | All you need to know

Hit by the Covid-19 pandemic, India's Gross Domestic Product (GDP) has shrunk by 23.9 per cent in the first quarter of the financial year 2020-21. The GDP growth data accounts for the months of April, May and June - when a strict national lockdown was in place in the country due to the coronavirus pandemic. The year-on-year GDP contraction during the June quarter (Q1FY21) is India's worst growth performance since the country started reporting quarterly GDP data in 1996.