India’s economy is successively coming back to the pace and Investors are shaking off the COVID effects. Prime Minister Narendra Modi has launch plans for a massive vaccination drive. While outlining a slew of tax incentives to boost the manufacturing sector.
Gross domestic product grew 0.4% in October-December compared with the same period a year earlier, data released by the National Statistics Office on Friday showed. That compared with revised contractions of 7.3% in July-September and 24.4% in April-June
Raising forecast by economists for the fiscal year 2021-22, expecting a pick-up in government spending, consumer demand, and a resumption of most economic activities curtailed by the COVID-19 pandemic.
The Reserve Bank of India (RBI), which has slashed its repo rate by a total of 115 basis points since March 2020 to cushion the economic shock of the pandemic, has projected growth of 10.5% in the fiscal year that starts in April.
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