India's gross domestic product (GDP) grew 3.1 percent during January-March this year, as the COVID-19 induced disruptions appeared to have devastated the broader economy, pummelled by collapsing household spending and shuttered businesses that are battling to stay afloat, data released by the government showed.
Government data showed that the GDP growth for the financial year 2019-2020 stands at 4.2 percent, compared to a 6.1 percent growth in FY19. The full-year GDP growth figure takes into account revisions to data for the past three quarters.
The growth for the April-June quarter of 2019-20 has been revised to 5.2 percent, compared to 5.6 percent earlier. The July-September quarter growth figure has been revised to 4.4 percent from 5.1 percent earlier, and that for the third quarter has been revised to 4.1 percent from 4.7 percent earlier.