23.9 percent decline in GDP in Q1 of 2020-21 due to other reasons including COVID-19: Govt – COVID-19 including 23.9 percent decline in GDP in Q1 of 2020-21: Government


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new Delhi:

The government said on Tuesday that GDP at constant prices (2011-12) decreased by 23.9 percent during the first quarter of 2021-21 due to various factors including Kovid-19. In a written reply to the question of S Jagatrakshakan, Rajeev Ranjan Singh Lallan, AKP Chinraj, Kaushalendra Kumar, K Muralidharan in the Lok Sabha, Minister of Statistics and Program Implementation and Planning, Rao Inderjit Singh said, "Govt. Many measures have been taken to reduce the negative effects of ''.

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He said that these include, among other things, assistance for families by cash transfer or other items in return, salary increase for MNREGA workers and assistance for laborers engaged in building and construction work.

The minister said that it includes mortgage free loans for self-help groups, reduction in EPF contribution, provision of employment for migrant laborers, loan facility for street vendors under PM Swanidhi, self-sufficient package etc. Asked whether the government has assessed the impact of demonetisation and Kovid-19 on GDP growth, the minister said, "Various factors including Kovid-19 in GDP at constant prices (2011-12)" Due to this there has been a decrease of 23.9 percent during the first quarter of 2021-21. It was 5.2 percent in the first quarter of 2019-20. ''

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Rao said that during the first quarter of the year 2020-21, there was a sharp decline in services related to mining and quarrying, manufacturing, construction, trade, hotel traffic, communication and broadcasting. He said that during the first quarter of the year 2020-21, the decline was due to the fall in growth rates in almost all the broad sectors except agriculture, forestry and fisheries sector.

(This news has not been edited by the NewsBust team. It is published directly from the Syndicate feed.)


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