INDIA’s GDP FALL Subject: Economics Context: India’s Gross Domestic Product (GDP) contracted by 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office. GDP growth in 2019-20, prior to the COVID-19 pandemic, was 4%. Concept: The Gross Value Added (GVA) in the economy shrank 6.2% in 2020-21, compared […]