Rahul Bajoria, Chief India Economist at Barclays, said that the Indian economy is expected to return to growth, only modestly, in the October to December quarter, after the record contraction.
Key quotes
“India’s economy will grow 0.8% in October-December following record 23.9% contraction in April-June and 7.5% contraction in July-September.”
“Growth at the headline level is returning to normal, but the manufacturing, industrial and agricultural sectors growth continue to outperform services,”
“India’s economy to contract 6.5% this fiscal year (FY), grow 8.5% next FY.”
India’s GDP for the October-December quarter is due for release on February 26.
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