The Delhi economy is estimated to suffer a contraction of 5.6 per cent in the gross state domestic product (GSDP) in the current financial year due to the impact of the coronavirus pandemic, Lt Governor Anil Baijal said on Monday.

The Delhi economy is estimated to suffer a contraction of 5.6 per cent in the gross state domestic product (GSDP) in the current financial year due to the impact of the coronavirus pandemic, Lt Governor Anil Baijal said on Monday.
Last year was unprecedented as the coronavirus pandemic posed the biggest challenge to the people. The Delhi government faced this challenge in collaboration with the Centre, Baijal said in his address in the Assembly on the first day of the budget session.
The government has undertaken various steps to handle the crisis and job losses due to the pandemic, Baijal said. He outlined the measures taken by the Delhi government in dealing with the pandemic, such as raising number of hospital beds, setting up of plasma bank and home isolation.
Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Dont forget to try our free Income Tax Calculator tool.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.