Sharp 23.9% GDP fall in Q1 will take at least a year to recover: Economists

Current year will continue with a drop of 7-7.5% which is lower than the earlier anticipated 10%

With a slower fall in gross domestic product (GDP) in the quarter ended September 2020, both industry and economists are hopeful of demand recovery in the coming months. A full recovery, however, may still be a year away, they say. 

“The contraction of 7.5 per cent in GDP for Q2 was expected. It will improve further unless there is one more lockdown to tackle the second wave of Covid-19 cases. We are more than half way through the December quarter; it seems it will be better,” said Harsh Mariwala, chairman, Marico. 

Maruti Suzuki India Chairman R C Bhargava said the