GDP growth will be positive
India’s GDP growth will turn positive ...
India’s GDP growth will turn positive in the January-March quarter, said Tarun Bajaj, the Secretary of the Department of Economic Affairs (DEA) in December. Speaking at the CII Partnership Summit 2020, the official said that agriculture has been the positive aspect in the current scenario.
“The way we are monitoring the parameters, the GDP growth will be positive in the next quarter. Agriculture has been the positive aspect in the current scenario,” he said. He further said that the government expenditure is up by 5 per cent YoY and capex is up by 15 per cent YoY. In the June-September quarter, India’s GDP on a year-on-year basis contracted by (-) 7.5 per cent from (-) 23.9 per cent in the preceding quarter.