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04/12/20 16:09 PM IST

Indian economy on path of V-shaped recovery

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The Indian economy is witnessing a V-shaped recovery as the Gross Domestic Product (GDP) has recorded a quarter-on-quarter growth of 23% in the July-September quarter of this fiscal.

V-shaped recovery
  • V-shaped recovery, evident at the half-way stage of 2020-21, reflects the resilience and robustness of the Indian economy.
  • It  is a type of economic recession and recovery that resembles a "V" shape in charting.
  • V-shaped recovery represents the shape of a chart of economic measures economists create when examining recessions and recoveries.
How India is moving on V recovery path?
  • Support of Atmanirbhar Bharat Mission has placed the economy firmly on the path of recovery.
  • The growth drivers have obtained the largest support from agriculture followed by construction and manufacturing
  • The months of October and November, 2020 have been of economic uncertainty with global composite PMI and goods trade activity showing a tepid increase while energy and metal prices around the world have moved in different directions further adding to the uncertainty.
Source: LiveMint

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