India's gross domestic product (GDP)  growth contracted by 7.3 per cent during FY21, as per government released data on Monday. However, in the fourth quarter, India recorded growth by 1.6 percent.

Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2020-21 is now estimated to attain a level of ₹135.13 lakh crore, as against the First Revised Estimate of GDP for the year 2019-20 of ₹145.69 lakh crore, released on 29th January 2021, read a government statement.

The growth in GDP during 2020-21 is estimated at -7.3 percent as compared to 4.0 percent in 2019-20.

GDP at Current Prices in the year 2020-21 is estimated to attain a level of ₹197.46 lakh crore, as against the First Revised Estimates of ₹203.51 lakh crore in 2019-20, showing a change of -3.0 percent as compared to 7.8 percent in 2019-20.

"GDP at Constant (2011-12) Prices in Q4 of 2020-21 is estimated at ₹38.96 lakh crore, as against ₹38.33 lakh crore in Q4 of 2019-20, showing a growth of 1.6 percent," read the statement. (SAM)