State’s GSDP contracts to 14%

The aftermath of this pandemic will contract every country’s economy. Primary sector is constant with its pace but the adversities lies with manufacturing sector and Service sector. India Ratings and Research predicts that the Gross State Domestic Product will contact by 14.3% in financial year 20-21.
The Corona pandemic affect the states such as Sikkim, Gujarat and Goa the worst as: –
• Their economic is mostly based on tourism.
• Primary sector doesnot contribute much to their GSDP.
• Their contribution based on  independent tax revenues is more.


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