Estimated economic impact from COVID-19 on services in India Q2 2020-Q3 2021

Published by Sandhya Keelery, Jun 9, 2023
The service industry across India saw the steepest decline in growth rate compared to previous years due to the impact of the coronavirus (COVID-19). Trade, hotels, transport, storage, and communication took the brunt of the impact during lockdown months. During the third quarter of 2021, this segment recorded a strong decline to nearly eight percent in comparison to the 34.3 in the previous quarter.

Estimated impact from the coronavirus (COVID-19) on the service sector in India from 2nd quarter 2020 to 3rd quarter 2021, by type

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Release date

December 2021

Region

India

Survey time period

Q2 2020 to Q3 2021

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