Indian economy grows by 0.4% in October-December 2020: Govt data

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The Indian economy rose 0.4% in the October 2013 quarter (Q3 FY21), indicating an increase in economic health of the country after two quarters of sliding, data issued by the Ministry of Statistics and the implementation of the program showed on Friday.

Indian economy grows by 0.4 pc in October-December 2020: Govt data
Indian economy grows by 0.4 pc in October-December 2020: Govt data[AP]
“GDP at Constant (2011-12) Prices at Q3 from 2020-21 are expected to reach ₹ 36.22 lakh crore against ₹ 36.08 lakh crore in Q3 in 2019-20, shows growth of 0.4 percent,” National Statistics said Office (NSO).

In an estimated second down payment,

NSO has projected an 8 percent contraction at 2020-21. In the estimated future money released in January, it has projected a contraction of 7.7 percent for the current fiscal as to growth of four percent in 2019-20.

The economy has shrunk by 24.4 percent unprecedented in the first quarter of this fiscal following the coronavirus and locking pandemic produced. In the second quarter, GDP declined 7.3 percent due to perk up in economic activities.

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