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India takes decisive steps to spur economic growth post–pandemic An employee works inside the Mahindra & Mahindra manufacturing plant in Chakan, Maharashtra. India’s auto sector is looking for a rebound as consumer spending returns to growth this year. Image Credit: Reuters After witnessing the steepest economic contraction among the major economies at 23.9 per cent in the first quarter (April-June) of 2020-21 due to Covid-19- induced lockdown, India is likely to see an economic resurgence, clocking around 10 per cent GDP growth in the new financial year, if recent economic predictions of multiple agencies are to be believed. The pace of India’s GDP contraction in the second quarter of the current financial year (July-September 2020) was much weaker than Q1 figures, reflective of signs of economic revival, say economists at Frost & Sullivan. ....