Centre s inept handling of COVID-19 pandemic made 97% Indians poorer: Rahul Gandhi newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
The median forecast from a Reuters survey of 29 economists showed gross domestic product in Asia s third-largest economy grew 1.0% in the March quarter from a year earlier, up from 0.4% in the previous quarter when India began pulling out of a steep pandemic-induced recession in earlier six months.
Economy Contracts By Record 7.3% For Year, Q4 Showed Revival Economy Contracts By Record 7.3% For Year, Q4 Showed Revival Gross domestic product grew 1.6 per cent in January-March compared with the same period a year earlier, data from the statistics ministry showed on Monday.
People walk at a crowded market amid the spread of coronavirus in Delhi. (FILE)
New Delhi:
India s annual economic growth rate picked up in January-March compared with the previous three months, but economists are increasingly pessimistic about this quarter after a huge second wave of COVID-19 infections hit the country last month.
A slow vaccination drive and local restrictions after a massive second wave of infections and deaths across the country have hit economic activities like retail, transport and construction while putting millions out of work.
Read more about India s economy likely accelerated in Jan-Mar, before Covid-19 wave: Poll on Business Standard. But the second wave of infections and deaths across the world s second-hardest hit country has caused forecasters to trim their projections for the coming months