GDP

There is a Growth in India’s GDP But Also Witnessed Contraction

According to data released by Government “There was an increase in India’s GDP by 1.6 % in the first quarter but will also witness contraction 7.3% for the whole fiscal year.” In the last four decades, there is a first full contraction of the Indian economy and the second straight quarter of expansion. According to the data of the National Statistical Office (NSO), the GVA(Gross Value Added ) growth in the manufacturing sector has increased by 6.9%.