Saturday, December 12, 2020

Macro situation very uncertain, economy to shrink by 10 per cent in FY21: Pronab Sen

India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped the GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The Gross Domestic Product (GDP) had shrunk by a massive 23.9 per cent in the first quarter of the current fiscal as the COVID-19 lockdown pummelled economic activity.

from Economy-News-Economic Times https://ift.tt/3n9sqqJ
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