2019
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Question
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5.1%
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6.1%
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4.5%
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5%
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Detailed explanation-1: -The growth in real GDP during 2019-20 is estimated at 5.0 per cent as compared to the growth rate of 6.8 per cent in 2018-19. 4.
Detailed explanation-2: -India gdp growth rate for 2020 was -6.60%, a 10.33% decline from 2019. India gdp growth rate for 2019 was 3.74%, a 2.72% decline from 2018. India gdp growth rate for 2018 was 6.45%, a 0.34% decline from 2017.
Detailed explanation-3: -9.1 Services sector contributes over 50 per cent to India’s GDP. While Covid-19 pandemic has had an adverse impact on most sectors of the economy, the services sector has been the worst affected as its’ share in India’s GVA declined from 55 per cent in 2019-20 to 53 per cent in 2021-22.
Detailed explanation-4: -1.1 and Appendix Table 1). Consequently, the GDP level surpassed the pre-pandemic level of 2019-20 by 1.8 per cent. II.