India exits recession amid risks from resurgence in virus cases ...Qatar

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India exits recession amid risks from resurgence in virus cases
source : Gulf Times ( Qatar ) () 9
India’s economy returned to growth last quarter, ending a recession in time to battle new challenges posed by a surge in coronavirus infections. Gross domestic product expanded 0.4% in the three months ended December after two consecutive quarters of declines, the Statistics Ministry said yesterday.  That was slower than the median forecast for a 0.6% expansion in a Bloomberg survey of 36 economists. India became one of the few major economies to post growth in the last quarter of 2020, helped by a boost in government spending and the reopening of the economy, which is primarily driven by domestic consumption.  Containing a fresh uptick in Covid-19 infections is key to sustaining the recove

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