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Thursday, June 24, 2021

Q1 GDP impact: FY21 estimates take a knock

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Synopsis

India will need to grow at 8% over the remaining three quarters just to make up the deficit and avoid a full-year contraction. A look at the numbers:

The sharper-than-expected 23.9% decline in june quarter gdp suggests recovery could take a while and fy21 may see a steeper contraction than earlier estimated. India will need to grow at 8% over the remaining three quarters just to make up the deficit and avoid a full-year contraction. A look at the numbers:

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