Sign In
Learn bits
Economy
Admin

04/12/20 16:09 PM IST

Indian economy on path of V-shaped recovery

In news

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

More Related Current Affairs View All

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

28 Aug

H-1B visa changes

'H-1B visa changes 2025: United States Commerce Secretary Howard Lutnick called the popular H-1B visa program a “scam”, saying that American businesses should be focuse

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps