Impact of COVID-19 on GDP Growth Rate

Date:
March 13, 2024
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National Scenario � Key Points ? Although, Gross Domestic Product (GDP) and per capita GDP have increased over the past decade, their growth rates have fallen continuously since 2017-18 ? Owing to normal monsoon in the past few years, agriculture sector has fared well ? While Gross Value Added (GVA) of secondary sector increased in actual terms over the decade, the growth rates of all sub-sectors saw decline after 2018-19 ? Tertiary sector activities have seen a downward trend since reaching peak in 2015-16, except public administration et al.