Percent changes in GDP at constant prices in India in 2019 and 2020

Published by
Manya Rathore,
Sep 13, 2022
In 2020, India witnessed a significant economic contraction as the country's GDP (gross domestic product) dropped by 7.3 percent. This could be attributed to the impact of the COVID-19 pandemic. Likewise, the global GDP at constant prices in 2020 also declined, albeit less devastating as that of India, by 3.3 percent.

Percent changes in gross domestic product in India in 2019 and in 2020

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Source

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Release date

July 2021

Region

Worldwide, India

Survey time period

2019 to 2020

Supplementary notes

The source states: "The ‘Reference group’ refers to the closest peer group statistic under which India falls. The reference group for GDP per capita is the Emerging Market and Developing Economies (EMDEs) classification by the IMF. (...) India’s GDP contraction is 8% according to the IMF and 7.3% from recent national estimates."

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