GDP contraction likely to have narrowed to 9.5 per cent in September quarter: Icra

In a report on Thursday, rating agency Icra said the Year-on-Year (YoY) contraction in Indian GDP (at constant 2011-12 prices) is estimated to have narrowed appreciably to 9.5 per cent in Q2 FY2021 from 23.9 per cent in Q1 FY2021, as the economy recovered from the lows of the pandemic-induced lockdown.

from Economy-News-Economic Times https://ift.tt/3nHZkyF