Home / Economy / News / GDP grows 0.4% in Q3 after shrinking for two quarters, may fall in Q4: NSO

GDP grows 0.4% in Q3 after shrinking for two quarters, may fall in Q4: NSO

Imputed Q4 GDP seen falling 1.1%; Services to catch up with mfg; Tall growth of 30% in govt spending needed; Investments better than expected, show revised numbers

gdp, growth, forecast, profit, economy, manufacturing

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This is a “reflection of further strengthening of V-shaped recovery” that began in Q2 of 2020-21, especially after a large GDP contraction in Q1 due to the lockdown, the Ministry of Finance said in a release

Abhishek Waghmare Pune

4 min read Last Updated : Feb 27 2021 | 2:35 AM IST

India’s gross domestic product returned to growth -- of 0.4 per cent -- in October-December after two quarters of contraction, the National Statistical Office (NSO) said on Friday.

In 2020-21, GDP is set to fall 8 per cent against an earlier estimate of 7.7 per cent, the release said.

This is a “reflection of further strengthening of V-shaped recovery”, which began in Q2 of 2020-21, especially after a large GDP contraction in Q1 due to the lockdown, the Ministry of Finance said in a release.

However, the cheer may not last because GDP is likely to fall 1.1 per cent

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