Rearrange the following five sentences (A), (B), (C), (D) and (E) in the proper sequence to form a meaningful paragraph then answer the questions given below them.

A. According to data released by the National Statistical Office on Monday, India’s GDP contracted by a staggering 23.9% in the April-June quarter. 

B. It shows that the nation-wide lockdown, which was in place in April and May, has taken a heavy toll on economic activity.

C. An examination of Gross Value Added (GVA) figures, which is GDP minus taxes, shows that the non-farm economy has suffered a contraction, including public administration, defence, and other services.

D. The contraction is larger than the 19.2% figure projected by a Bloomberg poll of economists. 

E. In an unusual development, the GDP growth numbers are lower than GVA, which means that taxes have also contracted.