India's overall GDP for FY20 stands at 4.2% - hitting 11-year low amid lockdown 4.0

Amid India's coronavirus lockdown, India's GDP growth for January-March quarter (Q4) 2019-20 stands at 3.1%, according to PTI. In comparison, India grew by 4.7% in previous quarter Q3 of FY 2019-20. government had revised fiscal deficit target for FY20 to 3.8%, as nation continues to face ecomic consequences of lockdown which started on March 25. Overall FY 19-20 GDP stands at 4.2%, hitting an 11-year low.

Supreme Court to hear plea seeking officially renaming 'India' to 'Bharat' on June 2

India's GDP at 3.1% for Q4

MEA reiterates "Indian Army didn't cross LAC", says China's recent activities 'unsuitable'

Core sector's growth shrinks

As per industry data for April 2020, eight core industries growth stood at -38.1% in comparison to -9% in March. Moreover, coal sector production is down by 15.5%, Cement production down by 86%, Steel production down by 83.9%, Coal mining down by 15.5%, Electricity production down by 22.8% in April 2020. se markers represent worst performance by key infrastructure areas since 2005.

Coronavirus Live Updates: PM meets HM to decide on lockdown extension; cases at 1,65,799

Centre's ecomic tranches

In a bid to boost India's ecomic standstill, PM Modi anunced a Rs 20 lakh crore ecomic pack - including previous monetary pack and liquidity measures anunced by RBI till date (amounting to 10.26 lakh crore) to kickstart Indian ecomy's growth. Since n FM Sitharaman has anunced a slew of reforms in five parts to strengn MSMEs, migrants, street vendors, urban poor, agriculture, animal husbandry and fishing.  She has also anunced sectoral reforms in Coal, defence production, minerals, civil aviation (Airports, Air Mgmt & MRO), power distribution in UTs, , atomic energy and reformed MGNREGA, education and a new PSE policy. 

Amit Shah dials all State CMs to discuss post-lockdown strategy as May 31 deadline nears

India under lockdown

On May 17, Centre anunced extension of India's nationwide Coronavirus (COVID-19) lockdown till May 31 - fourth such extension since March 25.   Ministry of Home Affairs (MHA), has released its detailed guidelines for extended lockdown, allowing delineation of red, green and orange zones as per state and UT governments, taking Ministry of Health & Family Welfare (MoHFW) into consideration. Since n, several states have released ir own state guidelines - most easing lockdown.