(Kajal Singh, Intern Journalist): On May 29, the NSO will release the GDP data for the last quarter of the financial year 2019-20.
New Delhi: Industrial activities, business, etc. are not fully opened under the Lockdown 4.0 released in the country during the Corona Virus Crisis, but partially functioning has started. Now during the same period, the GDP figures for the last quarter of the financial year 2019-20 ie January-March quarter are coming.
Explain that on May 29, the National Statistics Office i.e. National Statistical Office (NSO) will release the data related to the GDP growth rate of the last quarter of the financial year 2019-20. At the same time, according to SBI’s research report, the country’s GDP can fall to 1.2 percent in the last quarter of the financial year 2019-20, and if we look at the full-year figures, it can be 4.2 percent in the last financial year.
How the GDP figures were in the three quarters of FY 2019-20
The country’s economic growth came in at 5.1 percent in the first quarter of FY 2019-20. After this, India’s GDP stood at 5.6 percent in the second i.e. July-September quarter. After this, India’s GDP fell to a seven-year low in the third quarter and was at 4.7 percent.
Lockdown was imposed in the last week of March
After the outbreak of Coronavirus infection in the country, a nationwide lockdown was imposed from March 25, which was fixed for 21 days i.e. until April 14. Since then the lockdown has been extended three times. The second lockdown period was until 3 May and the third lockdown was for 17 May. At the same time, a lockdown was implemented in the country till May 31 under Lockdown 4.0.