India's economy shrinks 7.5% y/y in July-Sept quarter - govt

  • Reuters
  • Economic Indicators News
India's economy shrinks 7.5% y/y in July-Sept quarter - govt

NEW DELHI, Nov 27 (Reuters) - Indian economy contracted 7.5% in the quarter to September, government data showed on Friday, showing some signs of a pick-up after the easing of pandemic restrictions that triggered a record contraction of 23.9% year-on-year in the previous quarter.

The read-out for the September quarter was better than the 8.8% contraction forecast of analysts in a Reuters poll.

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  • Rakesh Prasad @Rakesh Prasad
    Nifty 13500 next?
    Like 1
    • narendra singh @narendra singh
      you know it is life time high... market will down and fill gap and it will come again 12200
      Like 0
    • Rakesh Prasad @Rakesh Prasad
      @narendra singh But Nifty still has potential to go higher as you can see economic environment going better and better. As example vacccine news , US election, China economic date, India’s current GDP rate. All indicator is showing that Nifty will certainly hit 13500 easily.
      Like 1

      • Comment Guidelines

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  • PRAVEEN KUMAR @PRAVEEN KUMAR
    good results
    Like 2

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