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India's economy out of technical recession, Q3 GDP shows growth at 0.4%
4 views | Feb 26, 2021, 08:18:53 PM | Mirror Now
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India's GDP for the Q3 ended in December 2020 stood at 0.4%, government data released on Friday showed. India has now exited the technical recession phase. The economy had shrunk by an unprecedented 24.4% in the first quarter this fiscal following the coronavirus pandemic and resultant lockdowns. The government also revised annual GDP estimates for the fiscal year 2020-21, predicting an 8% contraction, deeper than an earlier estimate of -7.7 %.
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