India's gross domestic product (GDP) shrank 7.3% to ₹135.13 trillion in 2020-21 (in real terms adjusted for inflation). It was at ₹145.69 trillion in 2019-20. ... In the Indian case, the private consumption expenditure tends to form 55-60% of the overall economy. In 2020-21, private consumption contracted by 9.1%.
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Answer:
India's gross domestic product (GDP) shrank 7.3% to ₹135.13 trillion in 2020-21 (in real terms adjusted for inflation). It was at ₹145.69 trillion in 2019-20. ... In the Indian case, the private consumption expenditure tends to form 55-60% of the overall economy. In 2020-21, private consumption contracted by 9.1%.
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