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India’s Economic Scorecard Improves As GDP Estimates Revised Higher
Some economists have revised India’s GDP growth estimates higher but medium term risks remain significant.
20 Nov 2020, 04:05 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![A cricket test match scoreboard. (Photographer: Jack Atley/Bloomberg News)](https://media.assettype.com/bloombergquint%2F2020-11%2Fc1bc898a-b615-4cb9-933f-ed26bb40e712%2F227768400.jpg?rect=0%2C1%2C2000%2C1125&auto=format%2Ccompress&w=200)
A cricket test match scoreboard. (Photographer: Jack Atley/Bloomberg News)
A quicker than expected rebound in India’s economic activity has prompted economists to tweak their estimates for GDP contraction in the current financial year. Economists, however, continue to warn that medium-term risks remain and the Covid damage to the Indian economy will be substantial.The Indian economy contracted by nearly a quarter in the April-June 2021 period. The steeper than expected contraction had prompted economists to...
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