• Sun. Apr 11th, 2021


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Indian Economy Shrank Record 23.9% Last Quarter – The Wall Street Journal

NEW DELHI—India’s economy shrank by a record 23.9% last quarter—the biggest blow the coronavirus pandemic has dealt to a major economy so far—as a nationwide lockdown and fear of the fast-spreading pandemic strangled spending.

Gross domestic product took a beating in the April-through-June quarter compared with the same quarter a year earlier, according to government data released Monday.