Consequently, India's FY20 GDP declined to 4.2 per cent from 6.1 per cent in FY19.
On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.
Last fiscal, the Indian economy faced a severe demand slowdown on account of high GST rates, farm distress, stagnant wages and liquidity constraints.
This time around, the national lockdown implemented to curb the Covid-19 outbreak has delt a severe blow to the economy.