Economy out of recession, 0.4% growth in Oct-Dec
NEW DELHI: Growth returned to the economy in the October-December quarter of 2020-21 hel it to move out of the recession that had gripped following one of the strictest lockdowns imposed last year to ward off the spread of the Covid-19 pandemic.
新德里：印度经济在2020-2021年财年的10 - 12月季度恢复增长，走出了衰退。去年为控制疫情印度实施了最严格的封锁措施，导致了经济衰退。
Data released by the National Statistical office (NSO) on Friday showed the economy grew 0.4% in the three months ended December powered by manufacturing, farm, ricity, construction, financial, real estate and professional services. The numbers showed the contraction in the June quarter was sharper at 24.4% than the previous estimate of 23.9%, while the decline in the September quarter was revised to 7.3% from the earlier 7.5%. An economy is said to be in recession after posting two consecutive quarters of contraction.
The second advance estimate for the full year showed the economy is forecast to contract by 8%, higher than the 7.7% projected earlier and more or less in line with other estimates.
The December quarter data also showed that India had joined , Vietnam and T, a s group of economies, which have posted growth during the three-month period ag inst the backdrop of sharp declines in major economies of the world hit hard by the pandemic. The Reserve Bank of India (RBI) had earlier estimated that growth would return in the third and fourth quarters of the current fiscal year that ends in March.
Recent estimates by multilateral agencies and economists have pointed to a rebound in the Indian economy. The International Monetary Fund (IMF) has also forecast India to be one of the fastest growing major economies in the world in 2021-22 as growth momentum gathers pace. The rollout of the vaccination programme has added to the optimism, but the resurgence of the vir s in some parts of the country has emerged as a risk factor.
All the products are costly and even Vegetable Oils Sunflower refined oil which was Rs103 per litre has jumped to Rs160 currently , There is higher inflation everywhere
bjp gives numbers... bhakts elated as usual.
Terrific!!. Now 5$ Trillion pushed indefinitely.
this is fake news from master feku . bjp plays with numbers to show positive anyway.
nonsense ...External De t in India increased to 556243 USD Million last year
chaiw will blame nehru for this
Good news. Lets all wear masks and work extremely hard to pull our nation out so that it can regain its tag of Golden sparrow once again
Whoaa.. some positive news on economy after a long time. Good to see. Hope it continues to grow .
There is clearly a V shaped recovery of the Indian economy. That's why foreign forces are engineering chaos through the opposition to stop.
The truth is that this Modi Govt., has miserably failed on the economic front and no amount of white washing with dubious statistics can miraculously script an economic recovery.
Truly 'V' shape.
Out of recession ? Really?
Growth of Ambani and Adani doesnt mean the common man’s life has gotten better.
Come Godi media is celebrating 0.4% growth. No one wanted to accept recession even ested earlier. Fuel at 100 and growth at 0.4%..wonderful
It is merely out of recession, in India growth is only for a handful of people. Besides what else has been done besides selling the country's assets, rising the fuel and food prices? Nothing,... the only fools to believe this news are the andhbhakts
Has come to positive territory and now we have to gallop fast to catch up..!
Celebrating at zero percent, last govt was growing at 8 percent
joke of the year..