Asia’s third-largest economy, India, managed to exit recession in the last three months of 2020, consolidating its recovery from the historic economic slump triggered by the coronavirus pandemic.
India’s real gross domestic product (GDP) rose 0.4 percent in the third quarter of its fiscal year, returning the economy to “the pre-pandemic times of positive growth rates,” the Ministry of Finance said as the new data emerged.
However, the growth rate was slightly smaller than analysts had expected, with those polled by Bloomberg having predicted a 0.6-percent expansion. (RT)
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