India’s economic growth slows to 3.1 pc, worst yet to come

NEW DELHI:India’s economic growth tumbled to 3.1 per cent in the March quarter — the slowest pace since the global financial crisis more than a decade back — but the worst is yet to come as the full impact of the world’s most expansive lockdown that brought the nation to a near standstill will get fully accounted for only in the next quarter.

The Government began locking down Asia’s third-biggest economy only towards the end of the March quarter to contain the spread of the coronavirus pandemic. The arduous lockdown, imposed on March 25, has already been extended thrice, with some relaxations beginning early this month. (AGENCIES)