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Asian Economic News

Indian Economy Grows In December Qtr

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

India's economy expanded in the final three months of 2020, thus exiting a severe recession caused by sharp contractions in the previous quarters due to the impact of one of the harshest lockdowns to battle the coronavirus pandemic.

Gross domestic product grew 0.4 percent in the three months to December, data from the statistics ministry showed Friday.

The decline in the September quarter was revised to 7.3 percent from 7.5 percent and the contraction in the June quarter was revised to a record 24.4 percent from 23.9 percent.

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