View: India’s monetary and fiscal authorities both need to lend stronger shoulders to the economy

GDP decline in India was concentrated in sectors that bore the brunt of the lockdown. Thus, construction fell by 50.3%; trade, hotels, transport and communication by 47%; and manufacturing by 39.3%. At the other extreme, agriculture, which had been largely unaffected by the lockdown, could grow at its approximate trend rate of 3.4%.

from Economy-News-Economic Times https://ift.tt/3hVlSsf
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