India’s GDP Jumps as Consumer Spending Revives, Covid Fears Ebb

NEW DELHI – India’s economy grew 13.5% year-on-year in the April-June quarter as concerns about the coronavirus eased and consumer spending allowed to resume, but economists see signs the pent-up demand may be starting to ease.

Gross domestic product released on Wednesday, which showed growth for the first quarter of India’s fiscal, benefited from a year-on-year comparison when the economy virtually ground to a halt as a devastating coronavirus wave swept the country.

https://www.wsj.com/articles/indias-economy-grew-13-5-in-april-june-quarter-11661949225 India’s GDP Jumps as Consumer Spending Revives, Covid Fears Ebb

Alley Einstein

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