Indian economy recovering fast, growth to turn positive in third quarter: RBI
India TV NewsThe economy is coming out of the COVID-19 pandemic's deep abyss faster than most of the predictions, and the growth will enter positive zone in the third quarter of the current financial year, said an article on the 'state of economy' in the RBI Bulletin. Impacted by the coronavirus pandemic, the Indian economy dipped by a historic 23.9 per cent in the first quarter of the current financial year. Quoting reports, the article said, "Real GDP growth is expected to break out into positive territory in Q3 - albeit, to a slender 0.1 per cent." "The fiscal measures have been sequenced in a designed shift in focus from consumption expenditure in Pradhan Mantri Garib Kalyan Package to investment expenditure in Aatma Nirbhar 2.0 and 3.0," the article added.