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Indian economic growth jumps in April-June, helped by looser pandemic curbs

2021-09-01 09:24:10       source:CNBC

August 31, 2021


India's economy rebounded in the April-June quarter even while a devastating second wave of Covid-19 swept the country, with growth of over 20% compared to a year earlier driven by a surge in manufacturing and higher consumer spending.


The expansion nevertheless fell short of the 21.4% predicted by the central bank, which some analysts said would make the Reserve Bank of India (RBI) more likely to retain its accommodative stance until at least year-end.


Gross domestic product expanded 20.1% in April-June, the first quarter of India's fiscal year, compared with the same period a year earlier, driven mainly by manufacturing and construction, the statistics ministry said on Tuesday.


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https://www.cnbc.com/2021/08/31/indian-economic-growth-leaps-between-april-and-june-despite-pandemic-curbs.html