Country witnessing V-shaped recovery: Govt
Days after India reported a 23.9 per cent contraction in its GDP, the Department of Economic Affairs in its Monthly Economic Review for August has said that the worst is over now as the Indian economy is going through a V-shaped recovery as is seen in various high-frequency indicators. The indicators include auto sales, tractor sales, fertiliser sales, railway freight traffic, steel consumption and production.
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Days after India reported a 23.9 per cent contraction in its GDP, the Department of Economic Affairs in its Monthly Economic Review for August has said that the worst is over now as the Indian economy is going through a V-shaped recovery as is seen in various high-frequency indicators. The indicators include auto sales, tractor sales, fertiliser sales, railway freight traffic, steel consumption and production.
