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Weak growth, resistance to reform and scepticism about trade threaten India’s Covid-19 economic recovery

Covid-19 has severely damaged the Indian economy. The nation is in recession after two successive quarterly GDP contractions, of minus 23.9 per cent and minus 7.5 per cent. The prospects of a robust revival in growth appear uncertain, given structural problems with the economy.The Reserve Bank of India feels that “the economy is recuperating faster than anticipated” and expects GDP growth to turn positive in the coming quarters. Overall, though, it still expects the gross domestic product for…

Read the original article at South China Morning Post

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