India’s gross domestic product or GDP contracted 7.5% in the quarter ending September compared to the same period last year, data released by the Union’s Ministry of Statistics and Program Implementation showed (Mospi) on Friday. India’s GDP fell 23.9% in the April-June quarter, the worst in decades, amid the coronavirus-induced …
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Economists expect business activity to have recovered after months of slowdown caused by the coronavirus India’s gross domestic product (GDP) contracted 7.5 percent in the July-September period, as the economy rebounded from a record 23.9 percent drop in the previous quarter due to the slowdown caused for the coronavirus pandemic. …
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The Indian economy was in one of its worst slowdown phases even before the Covid-19 pandemic. GDP growth fell continuously for eight quarters (except for a flash of 0.08 percentage points between December 2018 and March 2019. It was 8.2% in March 2018 and had fallen to only 3.1 % …
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Economists Say Rapid Rise In COVID-19 Cases Could Delay Recovery In Already Slowing Economy India’s gross domestic product or GDP contracted 23.9 percent in the April-June period, official data showed today, as disruptions induced by the coronavirus pandemic damaged businesses and livelihoods across the country. Despite the monetary and fiscal …
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Even before the pandemic hit, Asia’s third-largest economy was in the midst of a slowdown. Highlight Today’s data will likely show India’s June quarter GDP declining 19.2% That would be the sharpest contraction since 1996. The COVID-19 lockdown caused an unprecedented blow to the economy India, once the world’s fastest-growing …
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