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GDP Contraction , An act of God?

  On 31 August 2020 , The data released by National Statistical office (NSO) of India's GDP for Q1 i.e. April-June is slipped or contracted by 23.9% . This contraction is the worst in the history of India after Independence. However , Godi Media which is completely busy in giving judgement to Sushant Singh Rajput case won't pay a heed regarding this failure of Government. For some adorers it can be a masterstroke too but i don't wanna interfere in their thinking and their blind faith.                         Source - BusinessToday.in On 27 August , Financial Minister of India , Nirmala Sitharaman said , Covid-19 is an 'act of God' and it could lead to the contraction of economy. The centre gave two options to states after GST council meeting in which state governments were asked to borrow thousands and lakhs of crore from RBI due to GST revenue gap of 3 lakh crore this  year. However GST compensation Act 2017 guaranteed states compensation for any loss of revenue in