India GDP Live updates: Economic growth declined due to intense lockdown, says CEA K V Subramanian

India's fiscal deficit in the four months to end July stood at Rs 8.21 lakh crore ($111.7 billion), or 103.1% of the budgeted target for the current fiscal year, government data showed on Monday.

Markets swing into red, sensex plunges 839 points to close at 38,628 ahead of GDP data; Nifty ends below 11,400.

Eight infrastructure sectors' output contracted 9.6 per cent in the month of July, government data showed.

On Monday evening, you may hear the worst news on the Indian economy since Independence. The country's national income -- GDP -- is likely to show a fall of 15% to 30% in the first quarter of the current financial year over the same quarter of last year. This will be the first negative growth in GDP since its quarterly estimates were started in the 1990s.

Indian economy will see its first-ever quarterly economic contraction since such data began to be published in the mid 1990s. The much-awaited numbers may set the tone for fresh government intervention in the weeks ahead.