Business Standard

Indian economy's new normal

A slower pace of contraction in Q2, or a possible break out in the current quarter, would not end the problems of the Indian economy


Rajesh Kumar New Delhi
Most forecasters are revising their growth projection for the current financial year. The Reserve Bank of India in its latest monthly bulletin noted that the Indian economy can break out of contraction in the current quarter — one quarter sooner than its earlier forecast. The official data for the July-September quarter (Q2) will be released this week, which will give a clearer sense of the state of the economy. Corporate sector performance during the quarter surprised on the upside, and it is possible that gross domestic product (GDP) data would also be on similar lines.

However, a slower pace of contraction
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 26 2020 | 1:41 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to