Q2 GDP Figures Is Only A Breather, Too Early To Celebrate | The Quint
Автор: The Quint
Загружено: 2020-11-28
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The Quarter 2 GDP figures turned out to be like an election’s exit poll because economists had predicted a negative growth of 8% but the actual figures turned out to be -7.5 percent. India had witnessed a record 23.9% contraction in the previous three months ending 30 June. With the contraction in two successive quarters, India has entered into a technical recession in the first half of the current fiscal. However, the economy substantially narrowed contraction to a single digit in Q2.
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