India’s GDP contracts by 23.9% in Q1 of FY21: NSO data

As per the official data released by the National Statistics Office (NSO), India’s GDP has contracted by 23.9% in the first quarter (April-June 2020) for FY21.
This is the first instance of an economic contraction for India in at least four decades. It is also the first GDP decline since India began publishing quarterly numbers in 1996.
Gross value added (GVA) for India declined by 22.8%. All the sectors except agriculture witnessed contractions during the April-June quarter of 2020-21. The highest drop was witnessed by the construction industry of 50.3%.