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GDP numbers to be out today; Q1 growth likely to be worst after lockdown


New Delhi, Aug 31: The gross domestic product (GDP) numbers for the first quarter (April-June 2020) of current financial year (FY 2020-21) is expected to be released by the Union Ministry of Statistics and Programme Implementation (Mospi) later on Monday.

GDP numbers to be out today; Q1 growth likely to be worst after lockdown

The National Statistical Office (NSO) will release data for April-June Monday which is expected to be the worst since India started reporting quarterly data in 1996.

Rahul Gandhi slams Centre on country's decrease in GDP growth, says 'Modi hai toh mumkin hai'

The country is expected to register a sharp quarterly growth slump of 15-25 per cent.

The UK economy has seen the biggest slump in June quarter GDP among the top 20 global economies, with a 21.7 per cent annual contraction in growth - its deepest recession on record.

Many experts said the coronavirus pandemic could not have hit the country at a more vulnerable stage as India was already going through an economic slowdown.

Millions of Indians have lost their jobs and scores of small and medium-sized companies are struggling ever since the country went under a strict nationwide lockdown from March 25.

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