Indian economy likely to see record quarterly slump as pandemic hits

India's economy contracted by 18.3% in the June quarter – the biggest quarterly decline on record – the gross domestic product (GDP) data due on Monday is expected to show. 

The coronavirus-induced lockdown restrictions are forecasted to have a sharp decline in already-weak consumer demand and investment.

The economy expanded by 3.1% in the March quarter. That was the weakest quarterly growth rate in at least eight years.