India’s economic growth picked up in the first quarter of this year from the previous three months, but economists have grown pessimistic about the second quarter after a huge second wave of COVID-19 infections hit the nation last month.
GDP grew 1.6 percent in the first quarter compared with the same period last year, mainly driven by manufacturing sector growth, data from the Indian Ministry of Statistics and Programme Implementation showed yesterday.
<strong>ANNUAL CONTRACTION</strong>
That compared with revised growth of 0.5 percent in the previous three months and 1.0 percent according to a Reuters poll of economists.
The government also revised its annual GDP