As expected, Indian economy has fallen to a record low in the pandemic. On 31 May, the Centre announced that the GDP for the full financial year 2020-21 contracted by 7.3 percent as compared to the 4 percent growth that we had recorded in fiscal year 2019-20.
From the onset of the pandemic, India has shown an economic contraction for perhaps the first time in at least four decades. This is the worst dip that we're seeing since Independence.