Скачать или смотреть India's Q3 GDP growth reflects further strengthening of V-shaped recovery: Govt - Mint RFN

India's economic growth in the December quarter is a "reflection of a further strengthening of V-shaped recovery that began in Q2 of 2020-21," finance ministry said on Friday.
The recovery is on the back of astute handling of the lockdown and a calibrated fiscal stimulus, the ministry added.
"The sharp V- shaped recovery has been driven by rebounds in both Private Final Consumption Expenditure (PFCE) and Gross Fixed Capital Formation (GFCF) as a combination of astute handling of the lockdown and a calibrated fiscal stimulus has allowed strong economic fundamentals to trigger quick resumption of high activity levels in the economy," the statement read.
A continuous decline in the pandemic curve and a step-up in vaccination drive, as recently announced will support further revival of contact-based services, the ministry added.
The economy shrank 23.9% year-on-year in the April-June quarter in the wake of coronavirus outbreak and nationwide lockdown to prevent the virus.