Slower GDP Contraction for India in Q2, But Economic Pain will Linger on for Several Quarters

The GDP growth in Q2 (July-September) was -7.5% against -23.9% degrowth in the June quarter, bringing all-round cheer. But this cheer needs to be tempered with caution. The government has asserted the Q2 data point to a V-shaped recovery. Will it hold?

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