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Q1 GDP data: Employment-creating sectors bear brunt of slowdown

Construction sector fell a staggering 50.3 per cent, while manufacturing sector contracted by 39.3 per cent, at constant prices

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New investments as a percentage of GDP, measured by gross fixed capital formation, came in at 19.5 per cent (at nominal prices), which is the lowest since the new GDP series with the 2011-12 base year began, said Madan Sabnavis

Arup Roychoudhury New Delhi

3 min read Last Updated : Sep 01 2020 | 1:14 AM IST

The April-June quarter GDP data, released on Monday, showed the deepest damage in the employment-creating sectors, like construction and manufacturing. This comes at a time the Centre and the Finance Ministry are talking about green shoots in the economy.

According to the data released by the National Statistical Office, the construction sector fell a staggering 50.3 per cent, while manufacturing sector contracted by 39.3 per cent, at constant prices.

New investments as a percentage of GDP, measured by gross fixed capital formation, came in at 19.5 per cent (at nominal prices), which is the lowest since the new GDP series with

Topics : Coronavirus Lockdown India GDP growth Indian Economy Employment in India

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