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The economy grew by 1.6% in the third quarter of 2022, after contracting by 0.7% in the second quarter.

© Provided by Xinhua A contraction in real gross domestic product (GDP) lasting for at least two consecutive quarters (which some economists refer to a

The UK’s credit rating has been challenged following the Mini Budget, as S&P downgraded the nation’s outlook from “stable” to “negative”.

View: India's GDP growth numbers hide more than they reveal SECTIONS Last Updated: Jun 01, 2021, 11:26 PM IST Share Synopsis The economy sprang out of technical recession in Q3 FY2021, and expanded by a revised 0.5% after reporting two consecutive quarters of de-growth in the same fiscal. Also, the official GDP number underestimates the extent of the hit taken by the economy due to the pandemic. iStock Also surprising was the gross value added (GVA) number, rising by 3.7% in Q4, outpacing GDP growth significantly, owing to an unusually large spending on food subsidy in the quarter. Sachchida...

GDP expected to expand during Oct-Dec quarter February 21, 2021 With the country recording improved numbers in terms of various economic indicators, the prospects for GDP growth have brightened. ‘Technical recession’ in India is set to end in October-December (third quarter) with the GDP expected to be back in expansion mode, according to various agencies that have forecast a growth of between 0.1 and 0.7 per cent during the quarter. The Central Statistical Organisation (CSO) will release the GDP number for the third quarter on Friday, February 26. The industrial growth rates based on th...