CONTEXT: The National Statistical Office(NSO) has released India’s first-quarter Gross Domestic Product (GDP) data, showing a contraction of 23.9% which creates conditions for low base effect and makes V-shaped recovery inevitable.
State of the Economy
Positivity in the Economy:
, India scored 100 on March 25 and April 1, 96.3 on May 1, 75.46 on June 1 and 79.63 on August 15.
Challenges to the Recovery:
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