Indian Economy Growth: GDP Q2 FY21 - Much better than expected and H2 FY21 looks promising
India is officially under a technical recession for the first time in the known history of the country. Despite this, the rebound, especially of manufacturing, fixed investment and exports, have been ahead of expectations. Positive net exports on the demand side and resilience of agriculture and V-shaped recovery in manufacturing, on the supply side, led the recovery.
With the simultaneous cautious removal of lockdown restrictions and flattening of the infection curve, the outlook for H2 FY21 looks promising: Reuters