NEW DELHI – 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.
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The read-out for the September quarter was better than the 8.8% contraction forecast of analysts in a Reuters poll.
Reporting by Manoj Kumar, Nidhi Verma; editing by John Stonestreet
Our Standards: The Thomson Reuters Trust Principles.
Categories: India News