Updated Feb 26, 2021 | 09:08 IST
The median forecast from a Reuters survey of 58 economists predicted the GDP grew 0.5 per cent year-on-year in the December quarter. Q3FY21 GDP numbers today: Will the Indian economy come out of recession? | Photo Credit: BCCL
New Delhi: Data released by the National Statistical Office on Friday (February 26) will reveal whether the economy continued to be in recession in the third (October-December) quarter or it ended with the second quarter only. Also, it will demonstrate the extent of damage the coronavirus pandemic has caused to the Indian economy.
Many economists are of the view that the economy is likely to have returned to growth in the December quarter because of the easing of restrictions on movement and public spending has started growing.
Activity in India’s dominant services sector expanded for a fourth straight month in January, with the pace of new work and business activity both quickening from a month ago.
India Likely Exited Recession In 2020-End, GDP Data May Show: Report India Likely Exited Recession In 2020-End, GDP Data May Show: Report Two of the eight high-frequency indicators tracked by Bloomberg News improved last month, while five held steady and one deteriorated.
Activity in India s dominant services sector expanded for a fourth straight month in January.
India s economy looked ready to leave a sharp downturn behind in the new year, as business and consumer activity showed more signs of gathering momentum in January.
Two of the eight high-frequency indicators tracked by Bloomberg News improved last month, while five held steady and one deteriorated. That, for now, kept the needle on a dial measuring overall economic activity unchanged at 5 a number arrived at by using the three-month weighted average to smooth out volatility in the single-month scores.
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India’s economy showed signs a recovery is taking root as waning virus cases and a vaccine roll-out supported sentiment and as focus turns to further stimulus possible in the upcoming federal budget. The needle on a dial measuring overall economic activity was unchanged at 5 last month, indicating the economy was coasting along in the .