India's economy returns to growth in the December quarter
What happened. The National Statistical Office reported on 26 February 2021 that GDP grew 0.4% in Q3 FY2020-21, ending two consecutive quarters of contraction.
Why it matters for investors. The return to positive growth confirmed that the technical recession had ended, although output remained near pre-pandemic levels at best.
Event date: 26 Feb 2021. Source: National Statistical Office, Ministry of Statistics and Programme Implementation.
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