Following the release of the gross domestic product (GDP) data, the finance ministry on Friday said slowdown had bottomed out and it expected a gradual recovery from the October-December quarter onwards.
Economists and analysts are, however, divided — some agreeing with the Centre’s assessment, others claim the economy will continue to slow for a while. In a briefing after the data was released, Economic Affairs Secretary Atanu Chakraborty and Chief Economic Advisor Krishnamurthy Subramanian both insisted that the fundamentals of the economy continued being strong and ...
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