India Exits Recession With 0.4% Quarterly Growth

The gross domestic product (GDP) expanded 0.4 per cent in the three months ended December 2020, after contracting in two consecutive quarters, data released by the National Statistical Office (NSO) showed. India is among the few major economies to post growth in the last quarter of 2020. But the recent resurgence in Covid19 cases in select pockets of the country is a cause for concern, given the inverse relationship between economic growth and fall in Covid-19 infections.

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