NEW DELHI – India’s economy is on a sharp decline with its gross domestic product (GDP) shrinking by at least 7.7%, lowest since 1952.


The Indian Ministry of Statistics admitted that the “estimates may undergo sharp revisions due to disruptions caused by steps to contain the pandemic.” data collection was suspended coinciding with a nationwide lockdown.


Despite one of the strictest coronavirus lockdowns, India is now home to the world’s second-highest virus infections — which at more than 10.4 million, has kept the government from fully reopening the economy. The contraction in the nation’s GDP will also be the first since 1980, when the economy shrank 5.2%, and is set to be the worst slump in South Asia.