Q1 GDP numbers just first instalment of a bad news story on economy

One way of assessing the extent of an unprecedented 24 per cent contraction of India’s gross domestic product (GDP) in the April-June quarter of 2020 is to note that only two of its constituents managed to stay in positive territory in that period. Everything else collapsed. Agriculture, riding on a healthy rabi output, grew by 3.4 per cent, higher than the 3 per cent increase recorded in the same period of 2019. And government consumption expenditure grew by over 16 per cent in the first quarter of 2020-21, much higher than the 6 per cent growth seen in the same period.....

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