Business Standard

Whatever the calculation, India's Q1 GDP contraction is severest among all

Irrespective of whether it is sequential or year-on-year, the inference remains the same; South Africa's 50% contraction is "annualised" and is incomparable to India's 24% fall

growth, profit, loss, revenue, share, value, stock, economy, returns, investment, gdp
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Abhishek WaghmareIndivjal Dhasmana Pune/New Delhi
India's economy shrank 23.9 per cent in the first quarter of 2020-21 over the same quarter of the previous year.  

A few days prior to the release of India's data, it was reported that the US economy had plunged 34.3 per cent in the very same quarter. A few days later the news was that South Africa's economy had shrunk by 50 per cent. 

This gave rise to a debate about whether India's economy shrank at

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