English, asked by khushims123, 7 months ago

pandemic impact of coronavirus on national economy​

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Answered by Anonymous
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The economic impact of the 2020 coronavirus pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. ... On 26 May, CRISIL announced that this will perhaps be India's worst recession since independence.

Cause: COVID-19 pandemic-induced market instability and lockdown

Outcome: Largest GDP contraction ever in Q1 (April–June) FY2020–2021 at -24%; S...

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