As widely feared, India’s GDP shrunk by a historic 23.9 percent in April-June 2020, wiping out a national income to the tune of at least 10 lakh crores. This leads to the assessment that the annual GDP contraction may be anywhere in the range of 5 to 12 percent, unprecedented in the history of India’s … Continue reading Prof K Nageshwar: GDP Shrunk By 23.9 Percent, Ten Lakh Cr Wiped Out