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India's GDP shrinks 23.9% in worst quarter on record

Coronavirus lockdown batters an already slowing economy

A man pulls his auto rickshaw through a flooded street during heavy rains in New Delhi. India suffered its biggest slump on record since publishing quarterly data in 1996.   © Reuters

NEW DELHI -- India's gross domestic product contracted 23.9% year-on-year from April to June, when Asia's third-largest economy was shackled by one of the world's strictest lockdowns to contain the COVID-19 pandemic.

Economists had predicted a contraction of anywhere from 15% to 25% for the quarter, the first of the country's financial year.

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