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Business in the Week Ahead (March 1-5, 2021)

While the Indian economy ended a technical recession, the NSO has pared its estimate for FY21 GDP. More clarity will emerge from data due next week such as automobile sales and PMI readings for February

February 26, 2021 / 07:17 PM IST
Business in the Week Ahead (March 1-5, 2021)

The Indian economy ended a technical recession expanding 0.4 percent in the December quarter. The economy grew after two consecutive quarters of contraction though the pace of expansion trailed some Street estimates. The National Statistical Office (NSO) now projects the economy to contract 8 percent in the current fiscal year, higher than its earlier projection of a 7.7 percent reduction. While the forecast signals a weaker-than-expected recovery, more data points will emerge from Monday. Primary among them are automobile sales which are broadly expected to keep...

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