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India Exits Recession With 0.4% Quarterly Growth

The median forecast from a Reuters survey had predicted GDP growth of 0.5 per cent in December quarter
The median forecast from a Reuters survey had predicted GDP growth of 0.5 per cent in December quarter
India's quarterly GDP growth had slid by record margins for two consecutive quarters due to the Covid-19 virus outbreak. The GDP had contracted by a massive 23.9 per cent in the June quarter amid the pandemic-led nationwide lockdown and by 7.5 per cent during the September quarter. In fact, India slipped into a technical recession in the July-September period as the domestic product (GDP) fell for two successive quarters. The me...
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