Read more about Indian economy to do better than -8% prediction: Finance ministry on Business Standard. The ministry said economic activity is gathering pace with mild stiffening of pandemic curve
After two consecutive quarters of contraction, India s GDP is set to revert to the growth territory in the October-December 2020 period compared to the year-ago period, according to a report. Private consumption and government spending will help the economy post a turnaround during the December quarter and the GDP will grow 0.7 per cent, Icra Ratings said in a report on Tuesday. The economy contracted almost by a fourth in the June quarter and by 7.5 per cent in the September quarter in the current fiscal. Even as a recovery is underway, official estimates peg the FY21 contraction at 7.7 per cent. It can be noted that the economic growth has been on a downward spiral for over three years till it went into a contraction mode.
Read more about Indian economy to rebound with 8.9% growth in fiscal 2022: IHS Markit on Business Standard. The GDP contracted by a record 23.9 per cent in the April-June quarter, the contraction came down to 7.5 per cent in the September quarter
Read more about Indian economy recovering fast, growth to turn positive in Q3: RBI article on Business Standard. Growth will enter positive zone in the third quarter of the current financial year, said an article on the state of economy in the RBI Bulletin