India's GDP grows 0.4% in Q3 FY21 , exits technical recession
New Delhi, February 26, 2021
India has officially exited the technical recession phase that was brought about by the Covid-19 pandemic, as the country's Q3 FY21 GDP grew by 0.4 per cent, official data showed on Friday.
The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by 7.3 per cent from (-)24.4 per cent in the preceding quarter.
Though not comparable, the GDP had grown by 3.3 per cent in the corresponding quarter of FY2019-20.