<h1>India's GDP Declines 7.3% in 2020-21; Shows Recovery with 1.6% Growth in Q4 Despite Pandemic Challenges.</h1> The National Statistical Office released provisional estimates for India's National Income and GDP for 2020-21. The GDP at constant prices declined by 7.3% compared to a 4.0% growth in 2019-20, while GDP at current prices fell by 3.0%. The fourth quarter of 2020-21 showed a GDP growth of 1.6% at constant prices. Revisions were made based on updated data, including industrial production, crop production, and GST data. The pandemic impacted data collection, necessitating alternate data sources and methodologies. The next GDP estimates release is scheduled for August 31, 2021.