New Delhi: The surprising resilience shown by the manufacturing sector that restricted the GDP contraction to just 7.5 percent in the September quarter could be the result of a massive purge of costs such as the cost of employees by corporations and businesses, which could create a potential headwind in …
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India’s economy rebounded to a 7.5% contraction in the July-September quarter, gross domestic product (GDP) data released by the National Statistics Office (NSO) shows. The Indian economy grew 4.4% in the same period of the previous year. India, which is Asia’s third-largest economy, had seen a record 23.9% contraction in …
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India’s gross domestic product (GDP) contracted 23.9 percent in the April-June quarter of 2020-21 compared to the same quarter of the previous financial year, official data released by the National Bureau of Statistics showed ( NSO) on Monday. This was mainly due to limited economic activity in the country during …
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