GDP growth for Q3 of current fiscal shows positive growth of economy returning to pre-pandemic times

Finance Ministry has said, Real GDP growth of 0.4 percent in the third quarter of 2020-21 has returned the economy to the pre-pandemic times of positive growth rates. It is also a reflection of a further strengthening of V-shaped recovery that began in Second quarter of 2020-21. The sharp V-shaped recovery has been driven by rebounds in both Private Final Consumption Expenditure (PFCE) and Gross Fixed Capital Formation (GFCF). GFCF has improved from a contraction of 46.4 per cent in quarter one ...