Indian Economy Shrank Record 23.9{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} Last Quarter

India’s economy shrank a record 23.9{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} last quarter as a nationwide lockdown to combat the coronavirus and fear of the fast-spreading pandemic strangled spending.

Gross domestic product took a beating in the April-through-June quarter compared with the same quarter a year earlier, according to government data released Monday. That is the worst decline among all the major world economies that have announced GDP figures for the quarter, according to the latest tally from the Organization for Economic Cooperation and Development….