Indian economy is charging ahead to post growth in 2021 ...United Arab Emirates

Khaleej Times - News
Indian economy is charging ahead to post growth in 2021
source : Khaleej Times ( United Arab Emirates ) () 5
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. “India’s GDP growth is expected to see a 7.9 per cent contraction in 2020-21, with growth accelerating to around 12 per

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