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At -7.5%, GDP Rebounds But India Now In Technical Recession
India in first technical recession since start of quarterly data in 1996 July-September GDP reading much better than economists' forecast of 8.8% Economy on track to register overall contraction of 8.7% in 2020-21
27 Nov 2020, 11:16 PM IST 
Q2 GDP Data: Economists hope business activity has picked up after months of coronavirus-caused slowdown
Yet, the economy is on track to register an overall contraction of 8.7 per cent over the full year, which, if that were to happen, would be its worst performance in more than four decades.
However, annual growth of 3.4 per cent in the farm sector and 0.6 per cent in manufacturing raised hopes of an early recovery as the government gears up to distribute coronavirus vaccines to a country with about 140 crore people. (Also Read: Agr...
