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In Charts: 2020 – The Indian Economy’s Year Of Destruction And Recovery
The Indian economy in 2020 was characterised by a deep recession, but the year closed with expectations of a quick rebound.
01 Jan 2021, 07:55 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Bloomberg Best of the Year 2020: A migrant worker drinks from a water tanker while waiting to undergo mandatory screening, for clearance to travel by state provided transport to their home villages, in New Delhi, India, on Friday, May 29, 2020. Photographer: Anindito Mukherjee/Bloomberg](https://media.assettype.com/bloombergquint%2F2020-12%2F41baa293-c54d-4a82-ac0f-1613687c5038%2F366018180.jpg?rect=0%2C102%2C4394%2C2472&auto=format%2Ccompress&w=200)
Bloomberg Best of the Year 2020: A migrant worker drinks from a water tanker while waiting to undergo mandatory screening, for clearance to travel by state provided transport to their home villages, in New Delhi, India, on Friday, May 29, 2020. Photographer: Anindito Mukherjee/Bloomberg
The Covid-19 pandemic upended the Indian economy but a deeper-than-anticipated recession may now be making way for a faster bounce-back.Over one crore Indians have been infected by the pandemic, and per capita income will likely slip right back below an already paltry $2,000 a year amid two straight quarters of contraction in GDP growth so far.GDP GrowthFirst, a slowdown and then the pandemic meant India’s GDP growth eased to 3.1% in...
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