KONTAN.CO.ID - NEW DELHI. The Indian economy shrank for the second straight quarter through September, although it showed signs of a pick-up after the easing of pandemic restrictions that triggered a record contraction in the previous quarter. India's gross domestic product in July-September quarter contracted 7.5% on year, data released by the National Statistical Office on Friday showed, compared to a decline of 23.9% in the previous three months. Analysts in a Reuters poll had forecast an 8.8% contraction in the lastest period.
Indian economy contracts for second quarter in a row, recovery seen next year
KONTAN.CO.ID - NEW DELHI. The Indian economy shrank for the second straight quarter through September, although it showed signs of a pick-up after the easing of pandemic restrictions that triggered a record contraction in the previous quarter. India's gross domestic product in July-September quarter contracted 7.5% on year, data released by the National Statistical Office on Friday showed, compared to a decline of 23.9% in the previous three months. Analysts in a Reuters poll had forecast an 8.8% contraction in the lastest period.