The economy was pushed into a record contraction in the June quarter due to COVID-19 restrictions. India’s gross domestic product (GDP) is expected to have declined in the July-September period, but at a softer pace compared to the previous quarter, as business and economic activities rebound after months of slowdown …
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Chief economic adviser Krishnamurthy Subramanian said “the recovery is clearly underway” Highlight COVID-19 has caused exogenous impact in India, says Chief Economic Advisor Krishnamurthy Subramanian says undoubtedly the numbers must be better ahead The country’s GDP contracted 23.9% in the June quarter The coronavirus pandemic has had an exogenous impact …
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NEW DELHI: India’s record contraction in the last quarter delays economic progress by several years and puts Prime Minister Narendra Modi’s ambitious goals of doubling the size of the economy to $ 5 trillion almost out of reach. The 23.9% drop in gross domestic product in the June quarter from …
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