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Growth in Dec qtr shows economy returned to pre-pandemic times: FinMin

The GDP growth of 0.4 per cent in the December quarter shows that the economy has returned to pre-pandemic times and reflects further strengthening of a V-shaped recovery, the finance ministry said on Friday. After contracting for two quarters in a row, the Indian economy recorded a 0.4 per cent growth in the October-December quarter, mainly due to good show by farm, manufacturing, services and construction sectors. The National Statistical Office (NSO) estimated the economy to contract 8 per cent during the full fiscal. The economy had shrunk by an unprecedented 24.4 per cent in the April-June quarter bearing the burnt of the lockdowns imposed due to coronavirus pandemic. Economic activity recovered somewhat in the July-September period and the contraction was 7.3 per cent.

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