Manufacturing and mining output contracted year-on-year in the July-September quarter, dragging Gross Value Added growth to a slower-than-expected 5.6%, which together with high inflation and weak exports combined to slow overall Gross Domestic Product growth to a 6.3% pace, as per estimates released by the National Statistical Office. Chief Economic Advisor V Anantha Nageswaran said the data confirms that the …
India's Gross Domestic Product contracted by 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office on Monday, marginally better than the 8% contraction in the economy projected earlier. The combination of the second wave and the revised base effect may imply a lower GDP growth for the Indian economy for 2021-22, may be in …
