GDP Would Growth in Q3, Q4: PHDCCI

Expectations that the country's GDP would record growth in the third and fourth quarters of 2020-21 are getting stronger on account of various reforms undertaken by the government in the last ten months, PHDCCI said that out of the 10 indicators of QET (Quick Economic

BY Realty Plus
Published - Tuesday, 16 Feb, 2021

Expectations that the country's GDP would record growth in the third and fourth quarters of 2020-21 are getting stronger on account of various reforms undertaken by the government in the last ten months, PHDCCI said that out of the 10 indicators of QET (Quick Economic Trends) of economic and business activity tracked by it. The Indian economy shrunk by a record 23.9 per cent in June quarter and saw a contraction of 7.5 per cent in second quarter. On the back of various reforms undertaken by the government in last 10 months along with a demand boosting and investment inducing Budget. It said that economic and business indicators such as unemployment rate, stock market, GST collections, manufacturing PMI, forex reserves, railway freight, merchandise exports, exchange rate and passenger vehicle sales have shown positive sequential growth in January as compared with December 2020.