Covid-19-induced volatility heavily dented India's economy last fiscal as its growth rate plunged (-) 7.3 per cent from a rise of 4 per cent in 2019-20.
On a sequential basis, however, India's economy grew during the fourth quarter, which ended on March 31, 2021 by 1.6 per cent.
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The data furnished by the National Statistical Office (NSO) showed real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in year 2020-21 attained a level of Rs 135.13 lakh crore, as against the 'First Revised Estimate' of GDP for the year 2019-20 of Rs 145.69 lakh crore.
"'GDP at Constant (2011-12) Prices in Q4' of 2020-21 is estimated at Rs 38.96 lakh crore, as against Rs 38.33 lakh crore in Q4 of 2019-20, showing a growth of 1.6 per cent," according to the GDP estimates released by the Central Statistics Office (CSO).