Experts say that the GDP growth in the third quarter was slightly lesser than expected
The economy expanded by 0.4 per cent year-on-year in the October-December quarter, returning to growth after shrinking for two straight quarters, government data showed on Friday. The readout for the December quarter was a tad lower than the 0.5 per cent growth forecast of analysts in a Reuters poll. (
Shashank Mendiratta, Economist, IBM, New Delhi GDP growth returned to positive territory after contracting for two successive quarters. At component level, investment GDP recorded its first growth since December 2019. This recovery in investment is likely driven by capex spending.
India s economy grows 0.4% December quarter: What experts said
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India s economy grows 0.4% December quarter: What experts said
TIMESOFINDIA.COM / Updated: Feb 26, 2021, 20:57 IST
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NEW DELHI: India s economy expanded by 0.4 per cent year-on-year in the October-December quarter, returning to growth after shrinking for two straight quarters, government data showed on Friday.
The National Statistics Office (NSO) data also revised contractions of 7.3 per cent in July-September and 24.4 per cent in April-June.
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Here s what experts have to say on the GDP numbers:
Chandrajit Banerjee, director general, CII: Recouping of GDP to the positive territory by posting a growth of 0.4 per cent in the third quarter is a promising sign as it portends the end of the pandemic-induced recessionary phase seen in the first-half of the year .